China's economic growth has slumped to its lowest point in almost a decade.
According to new data released by the country's National Bureau of Statistics, the economy grew 6.5 percent year-over-year in the third quarter of 2018. That's the slowest growth rate China has seen since 2009.
The slowdown isn't surprising, considering the country is working to tackle high levels of debt.
And the trade war between China and the U.S. isn't helping its economic situation either. Both sides have traded tariffs on billions of dollars worth of goods in recent weeks. A Chinese government spokesperson said the economy was "stable overall," but the number of "external challenges" has increased significantly.
As CNN notes, China has implemented various measures — like tax cuts and infrastructure spending — to help breathe life back into its economy. But the slowdown is still worrying investors. The Shanghai Composite Index has lost more than a quarter of its value in the last year.
