China's outstanding yuan loans grew 12.5 percent from a year earlier in September 2019, following a 12.4 percent increase in the previous month and above market forecasts of 12.3 percent. Loan Growth in China averaged 15.92 percent from 1998 until 2019, 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.
Loan Growth in China is expected to be 12.90 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 12.70 in 12 months time. In the long-term, the China Outstanding Yuan Loan Growth is projected to trend around 12.00 percent in 2020, according to our econometric models.