China's latest credit data reveals ongoing economic challenges, with new bank loans in May falling short of last year's figures, indicating sluggish demand and weak investment across both corporate and household sectors. Despite efforts to stimulate the economy, including interest rate cuts and loan subsidies, these measures have had limited impact on consumer spending and the housing market. The technology sector, however, is showing signs of expansion, driven by the government's focus on innovation and direct financing, contrasting with the downturn in traditional industries. AI
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