China - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in China was 182.43 as of 2020. Its highest value over the past 35 years was 182.43 in 2020, while its lowest value was 65.33 in 1985.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1985 65.33
1986 74.74
1987 76.17
1988 71.97
1989 75.12
1990 84.05
1991 86.32
1992 84.41
1993 94.99
1994 84.39
1995 83.10
1996 88.54
1997 96.51
1998 105.07
1999 110.27
2000 111.01
2001 109.87
2002 117.33
2003 125.52
2004 118.55
2005 111.81
2006 109.13
2007 105.76
2008 101.99
2009 124.40
2010 126.57
2011 123.09
2012 128.92
2013 134.32
2014 140.24
2015 152.58
2016 156.22
2017 154.88
2018 157.81
2019 165.39
2020 182.43

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets