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Fortune
Fortune
Jason Ma

China's rate cuts may actually worsen the economy

China's President Xi Jinping speaks (Credit: Pedro Pardo—Pool/Getty Images)

In recent weeks, Beijing has announced a flood of stimulus measures—or intentions for such measures—as the alarms grow louder on China's economy.

The central bank has cut various lending rates, lowered cash reserve requirements at banks, and offered more liquidity for the stock market. Officials have also signaled relief on local government debts and the ailing property market.

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