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

Domestic credit to private sector (% of GDP) in China was 182.43 as of 2020. Its highest value over the past 43 years was 182.43 in 2020, while its lowest value was 49.74 in 1979.

Definition: Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

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

See also:

Year Value
1977 51.18
1978 50.29
1979 49.74
1980 52.63
1981 56.01
1982 56.80
1983 56.99
1984 60.72
1985 66.19
1986 75.97
1987 78.04
1988 73.98
1989 77.13
1990 86.20
1991 88.36
1992 86.37
1993 96.90
1994 85.88
1995 84.21
1996 89.46
1997 96.73
1998 105.19
1999 110.38
2000 111.12
2001 110.04
2002 117.50
2003 125.67
2004 118.64
2005 111.84
2006 109.16
2007 105.79
2008 102.00
2009 124.41
2010 126.58
2011 123.10
2012 128.92
2013 134.32
2014 140.24
2015 152.59
2016 156.23
2017 154.90
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 are taken from the financial corporations survey (line 52D) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository survey (line 32D). The banking sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial corporations where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets