China: Business credit
* indicates monthly or quarterly data series
The most recent value is 164528.84 billion Chinese Renminbi as of June 2024, an increase compared to the previous value of 163013.23 billion Chinese Renminbi. Historically, the average for China from January 2015 to June 2024 is 101972.5 billion Chinese Renminbi. The minimum of 61752.73 billion Chinese Renminbi was recorded in January 2015, while the maximum of 164528.84 billion Chinese Renminbi was reached in June 2024.
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* indicates monthly or quarterly data series
- Measure: billion Chinese Renminbi
- Source: People's Bank of China
| Recent values | China: Business credit, billion currency units |
|---|---|
| 2024 Jun | 164528.84 |
| 2024 May | 163013.23 |
| 2024 Apr | 162334.43 |
| 2024 Mar | 161516.42 |
| 2024 Feb | 159146.53 |
| 2024 Jan | 157601.62 |
| 2023 Dec | 153695.64 |
| 2023 Nov | 152846.83 |
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Definition: Business credit includes credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms. Included are all credit institutions: domestic and foreign owned as well as private and public ones.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 0.2 | 2023 | percent |
| Exchange rate regimes | 5 | 2021 | index points |
| USD exchange rate | 7.0743 | 9/2024 | Local Currency Units per USD |
| Money supply (broad money) | 303,306.08 | 7/2024 | billion |
| Consumer Price Index (CPI) | 132.7618 | 8/2024 | index points |
| Inflation, monthly | 0.40 | 8/2024 | percent |
| Inflation, annual | 0.69 | 8/2024 | percent |
| Private sector credit | 244,257.50 | 6/2024 | billion |
| Business credit | 164,528.84 | 6/2024 | billion |
| Household credit | 79,728.66 | 6/2024 | billion |
| Policy rate | 3.35 | 8/2024 | percent |
| Household debt to GDP | 62.10 | 12/2023 | percent |
| Debt service ratios for private non-financial sector | 18.70 | Q4/2023 | percent |