## Figure 1.8. China: Deleveraging and De-risking Progress

## Source details

**Canonical URL:** [Figure 1.8. China: Deleveraging and De-risking Progress](https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch1/csv/figure1-8.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/oct/ch1/csv/figure1-8.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/oct/ch1/csv/figure1-8.csv.json)

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### Investment products and small-to-medium bank claims on financial institutions (Three-month change, trillions of renminbi)
- Dates (three-month observation dates):
  - 3/1/2015
  - 6/1/2015
  - 9/1/2015
  - 12/1/2015
  - 3/1/2016
  - 6/1/2016
  - 9/1/2016
  - 12/1/2016
  - 3/1/2017
  - 6/1/2017
  - 9/1/2017
  - 12/1/2017
  - 3/1/2018
  - 6/1/2018
- Investment products (three-month changes, trillions of renminbi):
  - 3.37
  - 7.37
  - 4.36
  - 5.69
  - 4.73
  - 5.66
  - 4.72
  - 3.17
  - 1.99
  - -1.93
  - 1.16
  - -0.13
  - -1.85
  - 
- Bank intrafinancial sector claims (three-month changes, trillions of renminbi):
  - (empty)
  - 2
  - 0.75
  - 1.95
  - 2.36
  - 1.77
  - 0.98
  - 2.1
  - 0.55
  - -1.17
  - -0.55
  - -0.02
  - -0.23
  - -0.99

### Credit market stress indicators (selected datapoints)
- Dates and associated values present in the dataset:
  - 1/1/2014 — 379.91 — 1 — #N/A
  - 1/2/2014 — 375.06 — 1 — #N/A
  - 1/3/2014 — 376.05 — 1 — #N/A
- Headings present for these series (as labeled in the dataset):
  - Yield spread of AA- bonds to 5-year government bonds (basis points)
  - Annual defaulted bonds (billions of renminbi)
  - 2018 pace (annualized, right scale)

### Leverage at nonfinancial traded companies (Top 100 Chinese firms by assets)
- Year labels (as provided):
  - 2010
  - 2011
  - 2012
  - 2013
  - 2014
  - 2015
  - 2016
  - 2017
  - 2018:Q1
- Leverage (values as recorded):
  - 4.44
  - 4.58
  - 4.76
  - 4.96
  - 5.03
  - 5.12
  - 5.79
  - 5.98
  - 6.02

*Dataset: figure1-8 (csv worksheet) — Figure 1.8. China: Deleveraging and De-risking Progress*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch1/csv/figure1-8.csv_