Outstanding yuan loans in China grew 12.9 percent from a year earlier in October of 2020, slightly lower than 13 percent in September and forecasts of 13 percent. It is the lowest rate since March although bank lending usually slows in October as the week-long National Day holiday affects business activity and banks have already used most of their annual quotas. source: People's Bank of China
Loan Growth in China averaged 15.77 percent from 1998 until 2020, reaching an all time high of 34.44 percent in June of 2009 and a record low of 10.60 percent in February of 2002. This page provides - China Outstanding Loan Growth - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Outstanding Yuan Loan Growth - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Loan Growth in China is expected to be 12.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loan Growth in China to stand at 12.40 in 12 months time. In the long-term, the China Outstanding Yuan Loan Growth is projected to trend around 13.00 percent in 2021 and 12.00 percent in 2022, according to our econometric models.