China Slashes Budget Spending, Slowing Economic Growth

China spent less money in October than it has in a long time, which is slowing down the country's economic growth.

This is because the government is trying to control debt risks and is waiting to use more stimulus later.

Even though the government has added some new ways to help the economy, it hasn't fully helped yet.

Overall, the government spent less money in the first 10 months of the year compared to last year, which is making the budget deficit bigger.