China's total social financing rose to CNY 1.40 trillion in May 2019 from CNY 1.36 trillion in the previous month but below market expectations of CNY 1.41 trillion. Also, growth of outstanding TSF accelerated to 10.6 percent from 10.4 percent in April. Loans to Private Sector in China averaged 9683.05 CNY HML from 2002 until 2019, reaching an all time high of 46353 CNY HML in January of 2019 and a record low of -974 CNY HML in October of 2005.
Loans to Private Sector in China is expected to be 2000.00 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 1900.00 in 12 months time. In the long-term, the China Total Social Financing is projected to trend around 1800.00 CNY HML in 2020, according to our econometric models.