Key facts
- China's economy is experiencing a split between its technology sector and traditional industries.
- Officials have acknowledged this disparity, referring to it as a 'temperature gap'.
- The government is reportedly considering measures to address the slump in traditional sectors.
China's economy is exhibiting a notable divergence, with its technology sector experiencing a boom while traditional industries grapple with a slump. This phenomenon has been acknowledged by officials, who have referred to it as a 'temperature gap.' The government is reportedly considering various measures to address the downturn in traditional sectors, aiming to bridge this economic disparity. The specifics of these support measures remain unclear, but the acknowledgment of the issue suggests a potential shift in economic policy focus.