As data revealed by the central bank's officials, China’s loan interest rate tends to decline after entering the second quarter of this year. However, ANBOUND think tank scholars consider that this is probably a "recession-based relaxation", rather than the effect of “microstimulation”. If this is true, the decline of loan interest rate will not be the sort of happy achievements, but the concern of a lurking stagnation risk for China’s economy. The dynamic of macro-control policies might have come to its extreme limit.