24 22 20 18 16 14 12 10 8 6 4 2 0  20.6 16.4  10.1  5.1  1 5 9 1 5 9 1 5 9 1 5 9 1 5 9 1 5 9 1 5 9 1 5 2011 2012 2013 2014 2015 2016 2017 2018 Non-financial corporations - new business Households - new business Non-financial corporations - outstanding amounts Households - outstanding amounts Key policy rate Source: NBS.
Deutsche Bank argues that while China’s credit/GDP ratio is rising, the inherent advantages of a current account surplus, high net foreign assets (13 per cent of GDP) and low external debt burden (about 10 Per cent of GDP) offer a significant counterweight to the risks of a crisis posed by a high credit/GDP ratio.