China's Central Bank Slashes Interest Rates to Bolster Economy

China's central bank is trying to help the economy grow.

They lowered interest rates, which means it's cheaper to borrow money.

This could help businesses and people with loans.

While factories are making more things, people aren't buying as much, and the housing market is struggling.

The government hopes this will help the economy, even though some experts aren't sure it will make a big difference.

The cuts are meant to boost growth and offset the effects of a slower retail sector.