China loan growth

China’s loan growth icnreased to 12.3 by 0.82% on June 2021 from 12.2 in the previous month. On a year on year basis China’s loan growth decreased by -6.82%. China’s loan growth trend is down since the current value of 12.3 is lower than the 12 month moving average of 12.7083. and the 12 month moving average slope is down. China’s loan growth 5-year percentile is currently at 28.33%.

China loan growth Chart

China loan growth

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China loan growth

Date Values
2022-02-28 11.4
2022-01-31 11.5
2021-12-31 11.6
2021-11-30 11.7
2021-10-31 11.9
2021-09-30 11.9
2021-08-31 12.1
2021-07-31 12.3
2021-06-30 12.3
2021-05-31 12.2
2021-04-30 12.3
2021-03-31 12.6
2021-02-28 12.9
2021-01-31 12.7
2020-12-31 12.8
2020-11-30 12.8
2020-10-31 12.9
2020-09-30 13
2020-08-31 13
2020-07-31 13
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China Loan growth Statistics

Click here to explore the methodology used for estimating the China loan growth signals presented in the statistics table below.

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
loan growth cn.loangrowth 11.4 11.5 -1 -12 -100.0 -100.0 3 2022-02-28

China Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Shanghai Composite SSEC 3064.23 -0.5 -0.75 -1.12474 55.5338 -0.00442 0.03201 -0.00671 -0.12625
China ETF FXI 25.45 0 0 0 0 0 0 0 0
Chinese Yuan US Dollar (CNY/USD) CNHUSD 7.0966 0 0 0 0 0 0 0 0
China 5-Year Bond Yield CN.5Y 2.547 0 0 0 0 0 0 0 0
China 2-year bond yield CN.2Y 2.183 0 0 0 0 0 0 0 0
China Yield Curve CN.YC 0.615 0 0 0 0 0 0 0 0
China Credit Default Swaps CDS.China 106 0 0 0 0 0 0 0 0
Export-Import Bank of China Credit Default Swaps CDS.Export-Import-Bank-of-China 123.79 0 0 0 0 0 0 0 0

China Financial News Stream

China Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade cn.balanceoftrade 84.74 79.39 7 26 100.0 100.0 72 2022-09-30
bank lending rate cn.banks.lendingrate 2.75 2.75 0 0 0 0 0 2022-11-15
banks balance sheet cn.banks.bs 615.2 2470 -75.09 -25.54 -100.0 -100.0 3.33333 2022-10-31
business confidence cn.bizconfidence 49.2 50.1 -2 -0 -100.0 -100.0 62 2022-10-31
capacity utilization cn.caputilization 75.6 75.1 1 -1 -100.0 -100.0 0 2022-09-30
capital flows cn.capitalflows -1440 -319.79 350 1641 -100.0 -100.0 100 2022-09-30
car registrations cn.carregistrations 2231000 2332000 -4.33 11.16 100.0 100.0 86.6667 2022-10-31
cash reserve ratio cn.cashreserveratio 11.375 11.5 -1 -9 -100.0 -100.0 31 2022-04-30
central bank balance sheet cn.cb.assets 398871 397402 0.37 1 UP UP 96.67 2022-11-20
composite pmi cn.comppmi 48.5 53 -8 -6 -100.0 -100.0 19 2022-09-30
consumer confidence cn.consconfidence 87 87.9 -1 -26 -100.0 -100.0 7 2022-08-31
consumer price index cpi cn.cpi 103.5 103.4 0 0 0 0 0 2022-09-30
core inflation rate cn.coreinflationrate 1.1 1.2 -8 -467 100.0 100.0 2 2022-02-28
current account cn.currentaccount 1440 774.984 86 370 100.0 100.0 99 2022-09-30
current account to gdp cn.currentaccountgdp 1.8 1.9 -5 -63 -100.0 -100.0 0 2021-01-31
deposit interest rate cn.depositrate 0.35 0.35 0 0 -100.0 -100.0 51 2022-10-31
exports cn.exports 298.37 322.76 -7.56 -0.45 -100.0 -100.0 18.3333 2022-10-31
external debt cn.externaldebt 27466 24007.9 14 541 100.0 100.0 0 2021-01-31
fiscal expenditure cn.fiscalexp 15945 25212 -36.76 -33.35 Down Down 25 2022-11-20
foreign direct investment cn.fdi 1683.4 1553 8.4 18.54 UP UP 98.33 2022-11-20
foreign exchange reserves cn.fxreserves 3052000 3028960 0.76 -5.16 -100.0 -100.0 3.33333 2022-10-31
gdp cn.gdp 17734.1 14687.7 21 248 100.0 100.0 0 2021-12-31
Real GDP cn.realgdp 813830 525197 55 14 100.0 100.0 22 2022-09-30
gdp growth cn.gdpgrowth 3.9 -2.6 -250 225 100.0 100.0 0 2022-09-30
gdp growth annual cn.gdpgrowthan 3.9 0.4 875 -35 -100.0 -100.0 14 2022-09-30
gold reserves cn.goldres 1948.31 1948.31 0 6 100.0 100.0 52 2021-03-31
government budget cn.govbudget -3.1 -3.7 -16.22 10.71 -100.0 -100.0 0 2021-01-31
Government budget cn.govbudgetvalue -96.9 -881.3 -89 -43.03 UP UP 68.33 2022-11-25
government debt to gdp cn.govdebtgdp 71.5 68.1 5 108 100.0 100.0 0 2021-01-31
government revenues cn.govrev 20246 15108 34.01 45.32 UP UP 86.67 2022-11-20
housing index cn.housingindex -1.5 -1.3 15 -139 -100.0 -100.0 2 2022-09-30
imports cn.imports 213.22 238.01 -10.42 -0.98 -100.0 -100.0 5 2022-10-31
industrial production cn.indproduction 5 6.3 0 0 0 0 0 2022-10-31
industrial production mom cn.indproductionmm 0.33 0.84 -60.71 -15.38 Down Down 13.33 2022-11-17
inflation cpi cn.inflationcpi 2.1 2.8 -25 40 100.0 100.0 51.6667 2022-10-31
interbank rate cn.interbankrate 2.28 3.03 0 0 0 0 0 2022-11-15
interest rate cn.interestrate 3.65 3.65 0 0 0 0 0 2022-11-11
loan growth cn.loangrowth 11.4 11.5 -1 -12 -100.0 -100.0 3 2022-02-28
loans to private sector cn.loanprivate 9079 35271 -74.26 -43.87 -100.0 -100.0 6.66667 2022-10-31
China cn.manpmi 49.2 48.1 2 -3 -100.0 -100.0 26 2022-10-31
money supply m0 cn.msm0 9840 9867.21 -0.28 14.3 100.0 100.0 96.6667 2022-10-31
money supply m1 cn.msm1 66210 66453.5 -0.37 5.75 100.0 100.0 95 2022-10-31
money supply m2 cn.msm2 261290 262660 -0.52 11.85 100.0 100.0 98.3333 2022-10-31
non manufacturing pmi cn.nonmanpmi 48.7 50.6 -4 -7 -100.0 -100.0 12 2022-10-31
Producer Price Index cn.producerprices 111.6 111.4 0.18 -1.33 -100.0 -100.0 85.8333 2022-10-31
PPI Index cn.producerpricesch -1.3 0.9 -244.44 -109.63 -100.0 -100.0 20 2022-10-31
retail sales MoM cn.retailsales -0.68 0.14 -585.71 -247.83 Down Down 5 2022-11-17
retail sales cn.retailsalesan -0.5 2.5 -120 -111.36 -100.0 -100.0 18.3333 2022-10-31
reverse repo rate cn.reverserepo 2.1 2.1 0 -5 -100.0 -100.0 27 2022-02-28
services pmi cn.servpmi 48.4 49.3 -2 -10 -100.0 -100.0 16 2022-10-31
total vehicle sales cn.vehiclesales 2510000 2610320 -3.84 7.73 100.0 100.0 71.6667 2022-10-31
unemployment rate cn.unemploymentrate 5.5 5.3 4 8 100.0 100.0 63 2022-08-31
China Leading Economic Conference Board Index cn.lei 165.1 165.6 -0 0 -100.0 100.0 23 2022-08-31
LEI - Consumer Expectation Index cn.leiconsexp 89.3 91.2 -2 -25 -100.0 -100.0 7 2022-08-31
LEI - New Export Orders cn.leiexporders 48.5 47.9 1 3 100.0 100.0 75 2022-08-31

China loan growth analysis

China loan growth refers to the year-over-year change of the overall commercial banks credit to the economy, including food credit, non-food credit and loans, cash credit and overdrafts. Explore MacroVar financial knowledge base structured by professional fund managers and economists.

China loan growth trend

China loan growth trend is in an uptrend when the last value is higher than its twelve-month moving average and its twelve-month moving average slope is positive (last twelve-month moving average is higher than the previous month twelve-month moving average) and vice-versa. MacroVar calculates the number of months the China loan growth has recorded new highs or lows. China loan growth trend change is assumed when the specific indicator has recorded a 3-month high / low or more.

China loan growth momentum

China loan growth momentum is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M) return.