IN BUSINESS!!! CHINA CUTS THE INTEREST RATES UP TO 5.1 AS THEIR ECONOMY SLOWS===>>READ MORE

China's central bank has cuts the new interest rates for the second time this year, amid a continuing economic slowdown.why??.

Last year's growth rate - 7.4% down from 7.7% in 2013 - was the weakest in 24 years tis was not expected by the great nation like china.

The cut is the third in six months and will take effect from Monday. It follows other measures designed to spur growth in China, including tax cuts.

China's slowdown is expected to continue for some years. Last week, the International Monetary Fund (IMF). this  predicted China's growth would stabilize at about 6% by 2017 by approximation.