Bank Lending, Inflation, and China's Stock Market (2004–2010)

Table 2

Summary statistics for the Shanghai index and survey data.

(a) All variables in levels

Variables	Number of observations	Mean	Standard deviation	Minimum	Maximum
Banking Business Index	28	67.39	1.88	63.80	70.70
Bankers’ Confidence	28	53.63	18.50	21.00	82.40
Current Price Satisfaction	28	35.97	9.42	13.80	51.45
Future Price Expectation	28	67.52	7.22	53.05	81.70
Shanghai A-Share Index	28	2559.36	1220.96	1135.12	5827.66

(b) All variables converted to log growth rates

Variable	Number of observations	Mean	Standard deviation	Minimum	Maximum
Banking Business Index	27	0.002	0.019	−0.045	0.037
Bankers’ Confidence	27	0.0003	0.276	−0.558	0.446
Current Price Satisfaction	27	−0.049	0.136	−0.462	0.146
Future Price Expectation	27	0.010	0.094	−0.233	0.181
Shanghai A-Share Index	27	0.018	0.204	−0.416	0.425