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The Global Credit Literacy Index
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Country profile · Edition 1

🇨🇳China

Asia

Score

67.6

Rank

24 of 46

Overview

China ranks 24th of 46 economies, with a score of 67.6 out of 100. It is 4th of 11 ranked economies in Asia.

Strongest: Consumer protection and Public awareness (100). Weakest: Credit literacy (28); Youth education (33).

Dimension scores

Credit literacyCredit accessFinancial inclusionDigital bankingInnovationConsumer protectionGovernment supportFinancial educationYouth educationPublic awareness0255075100–
Credit literacy28.0
Credit access40.7
Financial inclusion86.6
Digital banking88.7
Innovation66.7
Consumer protection100.0
Government support87.5
Financial educationNo score

This dimension needs both of its policy items verified from a public source. For China, no public source could be found for: National financial literacy strategy.

Youth education33.3
Public awareness100.0

Dimensions with no score are left out of the overall score, never counted as zero.

Not yet measured: Reporting transparency, Alternative infrastructure.

Survey indicators

28%28% of adults answered at least 3 of 4 financial concepts correctly (S&P Global FinLit, 2014)
89%89% of credit card users pay their balance in full (Findex, 2024)
40.7%41% of adults borrowed from a formal institution or via mobile money in the past year (Findex, 2024)
89.4%89% of adults have an account (Findex, 2024)
83.7%84% could raise emergency funds within 30 days without great difficulty (Findex, 2024)
88.7%89% of adults made or received a digital payment (Findex, 2024)

Youth education policy: partial

Financial education is in the school curriculum only in some regions, or as an optional or pilot subject. There is no standalone course or graduation requirement. Young people are mentioned in the national strategy but not as a priority, or the strategy has expired.

Policy dimensions record whether a policy exists, not how well it works.