BCHVL_2022_data.xlsx

	A	B	C	D
1		Credit Impulse (% of China GDP)	Alternative GDP (levels, Dec/1998=100) (1999-2019)	Alternative GDP (levels, Dec/1998=100) (2011-2019)
2	1992 - Jan	4.120946958	N/A	N/A
3	1992 - Feb	4.372085748	N/A	N/A
4	1992 - Mar	5.974335445	N/A	N/A
5	1992 - Apr	7.616682564	N/A	N/A
6	1992 - May	7.619362247	N/A	N/A
7	1992 - Jun	8.812911244	N/A	N/A
8	1992 - Jul	7.843117585	N/A	N/A
9	1992 - Aug	6.150734837	N/A	N/A
10	1992 - Sep	6.736364764	N/A	N/A
11	1992 - Oct	4.804354652	N/A	N/A
12	1992 - Nov	7.036683507	N/A	N/A
13	1992 - Dec	6.010924492	N/A	N/A
14	1993 - Jan	4.41175293	N/A	N/A
15	1993 - Feb	2.428439792	N/A	N/A
16	1993 - Mar	1.374328721	N/A	N/A
17	1993 - Apr	-1.104337127	N/A	N/A
18	1993 - May	-1.810979766	N/A	N/A
19	1993 - Jun	-1.668905532	N/A	N/A
20	1993 - Jul	0.901576835	N/A	N/A
21	1993 - Aug	3.781422341	N/A	N/A
22	1993 - Sep	2.034588856	N/A	N/A
23	1993 - Oct	3.098018759	N/A	N/A
24	1993 - Nov	2.577403513	N/A	N/A
25	1993 - Dec	4.738825866	N/A	N/A
26	1994 - Jan	4.838657307	N/A	N/A
27	1994 - Feb	6.552531599	N/A	N/A
28	1994 - Mar	7.570142841	N/A	N/A
29	1994 - Apr	9.225011228	N/A	N/A
30	1994 - May	9.645019174	N/A	N/A
31	1994 - Jun	9.098763014	N/A	N/A
32	1994 - Jul	6.180669045	N/A	N/A
33	1994 - Aug	4.160320404	N/A	N/A
34	1994 - Sep	5.660571025	N/A	N/A
35	1994 - Oct	6.124916985	N/A	N/A
36	1994 - Nov	5.214381429	N/A	N/A
37	1994 - Dec	3.556749726	N/A	N/A
38	1995 - Jan	2.552509848	N/A	N/A
39	1995 - Feb	0.771349739	N/A	N/A
40	1995 - Mar	-0.086068384	N/A	N/A
41	1995 - Apr	-0.573097022	N/A	N/A
42	1995 - May	-0.391597609	N/A	N/A
43	1995 - Jun	-0.170231604	N/A	N/A
44	1995 - Jul	1.688011194	N/A	N/A
45	1995 - Aug	3.14231114	N/A	N/A
46	1995 - Sep	2.3437751	N/A	N/A
47	1995 - Oct	2.252103381	N/A	N/A
48	1995 - Nov	3.599097222	N/A	N/A
49	1995 - Dec	4.295500993	N/A	N/A
50	1996 - Jan	5.129405686	N/A	N/A
51	1996 - Feb	7.19635447	N/A	N/A
52	1996 - Mar	7.675886635	N/A	N/A
53	1996 - Apr	7.868695148	N/A	N/A
54	1996 - May	7.540187473	N/A	N/A
55	1996 - Jun	7.294531418	N/A	N/A
56	1996 - Jul	6.075450592	N/A	N/A
57	1996 - Aug	5.516839408	N/A	N/A
58	1996 - Sep	5.737950244	N/A	N/A
59	1996 - Oct	5.330265694	N/A	N/A
60	1996 - Nov	4.575586015	N/A	N/A
61	1996 - Dec	3.488805818	N/A	N/A
62	1997 - Jan	3.154522451	N/A	N/A
63	1997 - Feb	1.974755134	N/A	N/A
64	1997 - Mar	1.089322572	N/A	N/A
65	1997 - Apr	0.540686604	N/A	N/A
66	1997 - May	0.622357451	N/A	N/A
67	1997 - Jun	0.039237364	N/A	N/A
68	1997 - Jul	0.290366596	N/A	N/A
69	1997 - Aug	0.028815647	N/A	N/A
70	1997 - Sep	-0.435390259	N/A	N/A
71	1997 - Oct	-0.96028379	N/A	N/A
72	1997 - Nov	-1.209616497	N/A	N/A
73	1997 - Dec	-0.929195961	N/A	N/A
74	1998 - Jan	-0.810488354	N/A	N/A
75	1998 - Feb	-0.270755632	N/A	N/A
76	1998 - Mar	0.381171929	N/A	N/A
77	1998 - Apr	1.141872782	N/A	N/A
78	1998 - May	1.828198245	N/A	N/A
79	1998 - Jun	2.092820088	N/A	N/A
80	1998 - Jul	2.390365722	N/A	N/A
81	1998 - Aug	0.988901461	N/A	N/A
82	1998 - Sep	1.775692284	N/A	N/A
83	1998 - Oct	2.632073752	N/A	N/A
84	1998 - Nov	2.516451237	N/A	N/A
85	1998 - Dec	2.49851032	N/A	N/A
86	1999 - Jan	2.169844074	100.1545775	N/A
87	1999 - Feb	1.744776948	100.302095	N/A
88	1999 - Mar	1.202712053	100.5857743	N/A
89	1999 - Apr	0.112335042	101.3268244	N/A
90	1999 - May	-1.335261168	102.3444291	N/A
91	1999 - Jun	-1.649387347	102.5762451	N/A
92	1999 - Jul	-2.146418501	103.1079892	N/A
93	1999 - Aug	-4.973975985	104.1805385	N/A
94	1999 - Sep	-4.693433857	105.435785	N/A
95	1999 - Oct	-5.060800417	106.0755879	N/A
96	1999 - Nov	-4.068438728	107.1377724	N/A
97	1999 - Dec	-3.482120535	108.311322	N/A
98	2000 - Jan	-3.119494681	108.5883404	N/A
99	2000 - Feb	-3.044206681	109.1490355	N/A
100	2000 - Mar	-2.353612312	109.4585605	N/A