{
 "id": "cn-credit",
 "name": "Credit to the private sector, y/y",
 "region": "china",
 "layer": "cycle",
 "unit": "%",
 "cadence": "quarterly",
 "state": "context",
 "latest": {
  "period": "2026-01-01",
  "value": 5.248344
 },
 "stale": false,
 "trend": "falling",
 "publisher": "Bank for International Settlements",
 "series_code": "WS_TC Q.CN.P.A.M.XDC.A",
 "licence": "BIS terms of use: free reuse with attribution",
 "description": "Total credit to households and non-financial firms from all lenders, banks, bond markets and non-bank institutions, in yuan, as a change over four quarters, from the BIS total credit statistics. It is the series closest to the People's Bank's total social financing that is published in a machine-readable form; the PBoC publishes its own aggregate only as web tables. Shown for context. A threshold waits until the record has been reviewed: growth has slowed from above 20 % in 2009 to single digits since 2024, and a line has to be chosen against that history, not against the other regions' zero.",
 "points": [
  {
   "period": "1986-10-01",
   "value": 30.950584
  },
  {
   "period": "1987-01-01",
   "value": 28.368027
  },
  {
   "period": "1987-04-01",
   "value": 26.505666
  },
  {
   "period": "1987-07-01",
   "value": 27.870619
  },
  {
   "period": "1987-10-01",
   "value": 19.137054
  },
  {
   "period": "1988-01-01",
   "value": 21.497908
  },
  {
   "period": "1988-04-01",
   "value": 23.892269
  },
  {
   "period": "1988-07-01",
   "value": 21.827179
  },
  {
   "period": "1988-10-01",
   "value": 18.416254
  },
  {
   "period": "1989-01-01",
   "value": 16.725002
  },
  {
   "period": "1989-04-01",
   "value": 12.492017
  },
  {
   "period": "1989-07-01",
   "value": 12.042045
  },
  {
   "period": "1989-10-01",
   "value": 18.92045
  },
  {
   "period": "1990-01-01",
   "value": 20.48602
  },
  {
   "period": "1990-04-01",
   "value": 22.471885
  },
  {
   "period": "1990-07-01",
   "value": 25.579812
  },
  {
   "period": "1990-10-01",
   "value": 22.703213
  },
  {
   "period": "1991-01-01",
   "value": 22.482382
  },
  {
   "period": "1991-04-01",
   "value": 21.893939
  },
  {
   "period": "1991-07-01",
   "value": 20.313213
  },
  {
   "period": "1991-10-01",
   "value": 18.540449
  },
  {
   "period": "1992-01-01",
   "value": 19.915709
  },
  {
   "period": "1992-04-01",
   "value": 22.34541
  },
  {
   "period": "1992-07-01",
   "value": 20.997777
  },
  {
   "period": "1992-10-01",
   "value": 21.116115
  },
  {
   "period": "1993-01-01",
   "value": 30.400401
  },
  {
   "period": "1993-04-01",
   "value": 29.288466
  },
  {
   "period": "1993-07-01",
   "value": 28.971592
  },
  {
   "period": "1993-10-01",
   "value": 34.646626
  },
  {
   "period": "1994-01-01",
   "value": 26.620068
  },
  {
   "period": "1994-04-01",
   "value": 28.311151
  },
  {
   "period": "1994-07-01",
   "value": 30.913473
  },
  {
   "period": "1994-10-01",
   "value": 25.539089
  },
  {
   "period": "1995-01-01",
   "value": 24.931491
  },
  {
   "period": "1995-04-01",
   "value": 22.001633
  },
  {
   "period": "1995-07-01",
   "value": 21.808427
  },
  {
   "period": "1995-10-01",
   "value": 25.014504
  },
  {
   "period": "1996-01-01",
   "value": 23.971848
  },
  {
   "period": "1996-04-01",
   "value": 27.759521
  },
  {
   "period": "1996-07-01",
   "value": 24.474915
  },
  {
   "period": "1996-10-01",
   "value": 21.376624
  },
  {
   "period": "1997-01-01",
   "value": 25.871289
  },
  {
   "period": "1997-04-01",
   "value": 21.519815
  },
  {
   "period": "1997-07-01",
   "value": 22.819133
  },
  {
   "period": "1997-10-01",
   "value": 21.355934
  },
  {
   "period": "1998-01-01",
   "value": 14.650639
  },
  {
   "period": "1998-04-01",
   "value": 14.681375
  },
  {
   "period": "1998-07-01",
   "value": 16.342043
  },
  {
   "period": "1998-10-01",
   "value": 14.906927
  },
  {
   "period": "1999-01-01",
   "value": 15.527927
  },
  {
   "period": "1999-04-01",
   "value": 15.228724
  },
  {
   "period": "1999-07-01",
   "value": 12.703943
  },
  {
   "period": "1999-10-01",
   "value": 22.424691
  },
  {
   "period": "2000-01-01",
   "value": 22.964128
  },
  {
   "period": "2000-04-01",
   "value": 18.737285
  },
  {
   "period": "2000-07-01",
   "value": 19.667465
  },
  {
   "period": "2000-10-01",
   "value": 11.073611
  },
  {
   "period": "2001-01-01",
   "value": 2.00992
  },
  {
   "period": "2001-04-01",
   "value": 6.885067
  },
  {
   "period": "2001-07-01",
   "value": 4.95884
  },
  {
   "period": "2001-10-01",
   "value": 2.760986
  },
  {
   "period": "2002-01-01",
   "value": 21.36896
  },
  {
   "period": "2002-04-01",
   "value": 21.599922
  },
  {
   "period": "2002-07-01",
   "value": 24.207866
  },
  {
   "period": "2002-10-01",
   "value": 25.266566
  },
  {
   "period": "2003-01-01",
   "value": 19.594924
  },
  {
   "period": "2003-04-01",
   "value": 22.929629
  },
  {
   "period": "2003-07-01",
   "value": 23.605443
  },
  {
   "period": "2003-10-01",
   "value": 21.624946
  },
  {
   "period": "2004-01-01",
   "value": 22.149012
  },
  {
   "period": "2004-04-01",
   "value": 15.39073
  },
  {
   "period": "2004-07-01",
   "value": 12.866988
  },
  {
   "period": "2004-10-01",
   "value": 13.80104
  },
  {
   "period": "2005-01-01",
   "value": 10.130711
  },
  {
   "period": "2005-04-01",
   "value": 9.499886
  },
  {
   "period": "2005-07-01",
   "value": 9.810277
  },
  {
   "period": "2005-10-01",
   "value": 8.912404
  },
  {
   "period": "2006-01-01",
   "value": 13.331163
  },
  {
   "period": "2006-04-01",
   "value": 17.877654
  },
  {
   "period": "2006-07-01",
   "value": 17.876241
  },
  {
   "period": "2006-10-01",
   "value": 18.173814
  },
  {
   "period": "2007-01-01",
   "value": 17.785823
  },
  {
   "period": "2007-04-01",
   "value": 18.766579
  },
  {
   "period": "2007-07-01",
   "value": 21.001205
  },
  {
   "period": "2007-10-01",
   "value": 21.295079
  },
  {
   "period": "2008-01-01",
   "value": 20.054763
  },
  {
   "period": "2008-04-01",
   "value": 18.249897
  },
  {
   "period": "2008-07-01",
   "value": 17.193109
  },
  {
   "period": "2008-10-01",
   "value": 17.012329
  },
  {
   "period": "2009-01-01",
   "value": 25.635086
  },
  {
   "period": "2009-04-01",
   "value": 31.93825
  },
  {
   "period": "2009-07-01",
   "value": 34.2477
  },
  {
   "period": "2009-10-01",
   "value": 36.861669
  },
  {
   "period": "2010-01-01",
   "value": 28.804186
  },
  {
   "period": "2010-04-01",
   "value": 24.592167
  },
  {
   "period": "2010-07-01",
   "value": 22.854456
  },
  {
   "period": "2010-10-01",
   "value": 22.136194
  },
  {
   "period": "2011-01-01",
   "value": 20.040289
  },
  {
   "period": "2011-04-01",
   "value": 18.482684
  },
  {
   "period": "2011-07-01",
   "value": 17.698354
  },
  {
   "period": "2011-10-01",
   "value": 18.267188
  },
  {
   "period": "2012-01-01",
   "value": 18.850645
  },
  {
   "period": "2012-04-01",
   "value": 18.794291
  },
  {
   "period": "2012-07-01",
   "value": 20.108782
  },
  {
   "period": "2012-10-01",
   "value": 20.008167
  },
  {
   "period": "2013-01-01",
   "value": 21.399237
  },
  {
   "period": "2013-04-01",
   "value": 21.243016
  },
  {
   "period": "2013-07-01",
   "value": 20.993106
  },
  {
   "period": "2013-10-01",
   "value": 19.467145
  },
  {
   "period": "2014-01-01",
   "value": 17.630277
  },
  {
   "period": "2014-04-01",
   "value": 17.505039
  },
  {
   "period": "2014-07-01",
   "value": 15.348429
  },
  {
   "period": "2014-10-01",
   "value": 15.368668
  },
  {
   "period": "2015-01-01",
   "value": 14.669926
  },
  {
   "period": "2015-04-01",
   "value": 13.904295
  },
  {
   "period": "2015-07-01",
   "value": 15.095259
  },
  {
   "period": "2015-10-01",
   "value": 16.428426
  },
  {
   "period": "2016-01-01",
   "value": 16.251155
  },
  {
   "period": "2016-04-01",
   "value": 13.759555
  },
  {
   "period": "2016-07-01",
   "value": 11.485066
  },
  {
   "period": "2016-10-01",
   "value": 9.332423
  },
  {
   "period": "2017-01-01",
   "value": 8.299164
  },
  {
   "period": "2017-04-01",
   "value": 8.445759
  },
  {
   "period": "2017-07-01",
   "value": 8.791573
  },
  {
   "period": "2017-10-01",
   "value": 7.7199
  },
  {
   "period": "2018-01-01",
   "value": 7.349423
  },
  {
   "period": "2018-04-01",
   "value": 7.613018
  },
  {
   "period": "2018-07-01",
   "value": 7.25998
  },
  {
   "period": "2018-10-01",
   "value": 7.344357
  },
  {
   "period": "2019-01-01",
   "value": 8.326071
  },
  {
   "period": "2019-04-01",
   "value": 8.458584
  },
  {
   "period": "2019-07-01",
   "value": 8.894671
  },
  {
   "period": "2019-10-01",
   "value": 9.10163
  },
  {
   "period": "2020-01-01",
   "value": 9.380787
  },
  {
   "period": "2020-04-01",
   "value": 10.799419
  },
  {
   "period": "2020-07-01",
   "value": 10.774287
  },
  {
   "period": "2020-10-01",
   "value": 9.771302
  },
  {
   "period": "2021-01-01",
   "value": 9.379678
  },
  {
   "period": "2021-04-01",
   "value": 8.007699
  },
  {
   "period": "2021-07-01",
   "value": 7.539166
  },
  {
   "period": "2021-10-01",
   "value": 7.846866
  },
  {
   "period": "2022-01-01",
   "value": 7.93025
  },
  {
   "period": "2022-04-01",
   "value": 8.065296
  },
  {
   "period": "2022-07-01",
   "value": 8.301051
  },
  {
   "period": "2022-10-01",
   "value": 8.036529
  },
  {
   "period": "2023-01-01",
   "value": 8.831163
  },
  {
   "period": "2023-04-01",
   "value": 8.415056
  },
  {
   "period": "2023-07-01",
   "value": 8.103641
  },
  {
   "period": "2023-10-01",
   "value": 8.096306
  },
  {
   "period": "2024-01-01",
   "value": 7.293013
  },
  {
   "period": "2024-04-01",
   "value": 6.744841
  },
  {
   "period": "2024-07-01",
   "value": 6.67135
  },
  {
   "period": "2024-10-01",
   "value": 6.744245
  },
  {
   "period": "2025-01-01",
   "value": 6.179099
  },
  {
   "period": "2025-04-01",
   "value": 6.054435
  },
  {
   "period": "2025-07-01",
   "value": 5.550037
  },
  {
   "period": "2025-10-01",
   "value": 5.498639
  },
  {
   "period": "2026-01-01",
   "value": 5.248344
  }
 ],
 "url": "https://worldstat.us/indicator/cn-credit"
}