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Is China Hiding Just How Bad Its Economy Is?


TAIPEI, Taiwan (TheStreet) - China's latest stimulus may be aimed at bolstering the country's slowing economy. But the moves are fueling suspicions that the $10 trillion-plus economy may be worse off than Beijing is letting on.

China announced Friday that it was cutting the benchmark lending rate from 4.6% to 4.35% and a deposit rate to 1.5%. China has cut rates six times this year along with other policies, such as currency liberalization, to stoke investment.

The steps are intended to help Chinese Internet security firms like Qihoo 360 (QIHU - Get Report) and...