Historical Year Data · 2003

China Credit-to-GDP Gap in 2003

China Credit-to-GDP Gap opened 2003 at 11.6 and closed at 12.5, a +7.76% move for the year. The high of 15.4 was reached on September 30, and the low of 11.6 on March 31.

Open

11.6

2003-01

12.5

4 data points

High

15.4

Sep 30

Low

11.6

Mar 31

Full Year Change

+7.76%

2002 Change

+20.24%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	11.6	11.6	11.6	11.6	+0.00%
Jun	15.1	15.1	15.1	15.1	+0.00%
Sep	15.4	15.4	15.4	15.4	+0.00%
Dec	12.5	12.5	12.5	12.5	+0.00%

Events During 2003

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

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