Chinese Economy to Slow Down

A surprise rate hike in Chinese lending and deposits is giving rise to speculation about the global economy. With China's economy being one of the key drivers to the global economy over the recent years, this is having repercussions around the world, and especially within the US stock market. China is doing so to slow their rapid growth, and ride the sustainability a while longer. It will be interesting to see how other economies and the world economy are effected by this in the end.