In the second quarter of 2023, the overall loan demand index had a value of 62 percent, decreasing by 14 percentage points compared to the same quarter of the previous year. The first quarter of 2021 showed the highest index value of the observed period. The highest demand came from small and micro-sized firms.
Chinese overall loan demand index from 2nd quarter 2018 to 2nd quarter 2023
A diffusion index indicates the climate of overall loan demand estimated by heads of banking institutions in the observed quarter. The index is derived by calculating the proportions of respondents whose "demand increased", "demand remained the same", and "demand decreased", assigning weights 1, 0.5, and 0 to them respectively. Finally, the average value is calculated and converted to percentage. Interpretation: Percentage of indicators that expect increasing demand.
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People's Bank of China. (June 29, 2023). Chinese overall loan demand index from 2nd quarter 2018 to 2nd quarter 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1171521/china-overall-loan-demand-index/
People's Bank of China. "Chinese overall loan demand index from 2nd quarter 2018 to 2nd quarter 2023." Chart. June 29, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1171521/china-overall-loan-demand-index/
People's Bank of China. (2023). Chinese overall loan demand index from 2nd quarter 2018 to 2nd quarter 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1171521/china-overall-loan-demand-index/
People's Bank of China. "Chinese Overall Loan Demand Index from 2nd Quarter 2018 to 2nd Quarter 2023." Statista, Statista Inc., 29 Jun 2023, https://www.statista.com/statistics/1171521/china-overall-loan-demand-index/
People's Bank of China, Chinese overall loan demand index from 2nd quarter 2018 to 2nd quarter 2023 Statista, https://www.statista.com/statistics/1171521/china-overall-loan-demand-index/ (last visited November 21, 2024)
Chinese overall loan demand index from 2nd quarter 2018 to 2nd quarter 2023 [Graph], People's Bank of China, June 29, 2023. [Online]. Available: https://www.statista.com/statistics/1171521/china-overall-loan-demand-index/