China International Political Economy

The China central bank cut interest rates for the third time in six weeks to help spur the Chinese economy according to MarketWatch.

The cut took China’s one-year interest rate from 3.98 percent to 3.6 percent for a total of almost 28 basis points.

The continued rate cut policy by the Chinese government comes as China’s economic growth trajectory continues to slow as China GDP grew by less than 9 percent in Q3.

Growth of the China economy down to 7 percent is considered the breaking point to possible social unrest.