Total social financing, a broad measure of credit and liquidity in the economy, fell sharply to CNY 1.42 trillion in October of 2020 from CNY 3.48 trillion in September but was in line with forecasts of CNY 1.4 trillion. 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
Loans to Private Sector in China averaged 11380.51 CNY HML from 2002 until 2020, reaching an all time high of 51845 CNY HML in March of 2020 and a record low of -974 CNY HML in October of 2005. This page provides - China Loans To Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Total Social Financing - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Loans to Private Sector in China is expected to be 34000.00 CNY HML by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loans to Private Sector in China to stand at 38000.00 in 12 months time. In the long-term, the China Total Social Financing is projected to trend around 30000.00 CNY HML in 2021 and 25000.00 CNY HML in 2022, according to our econometric models.