By the end of 2018, per capita outstanding consumer loans stood at 27,089.4 yuan (about 3,833 U.S. dollars), up 19.5 percent year on year, according to a report on inclusive finance from the People's Bank of China.
Nearly 40 percent of Chinese citizens aged 18 or older had obtained individual loans of various types from banks by 2018, basically the same as a year earlier, the report showed.
In rural regions, 34.6 percent of individuals aged 18 or older had secured loans from banks.
Around 22.9 percent of these people had borrowed money from institutions and platforms other than banks, and the ratio for rural regions was over 21 percent, according to the report.
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