The benchmark interest rate in China was last recorded at 3 percent. This dataset provides the latest reported value for - China Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about China Policy Rate

• China cash rate (Policy Rate: Month End: China: 7 Day Reverse Repurchase Rate) was set at 1.40 % pa in Nov 2025, compared with 1.40 % pa in the previous Oct 2025.
• China Policy Rate averaged 2.55 % pa and is updated monthly, available from May 2012 to Nov 2025.
• The data reached an all-time high of 4.40 % pa in Jul 2013 and a record low of 1.40 % pa in Nov 2025.

• In the latest reports, China Short Term Interest Rate: Month End: SHIBOR: 3 Months was reported at 1.58 % pa in Nov 2025.
• Its Long Term Interest Rate (Treasury Bond Yield: Interbank: Spot Yield: 10 year) was reported at 1.86 % pa in Nov 2025.
• China Exchange Rate against USD averaged 7.12 (USD/RMB) in Oct 2025.
• Its Real Effective Exchange Rate was 130.02 in Oct 2025.

Lending Rate in China remained unchanged at 4.35 percent in October from 4.35 percent in September of 2022. This dataset provides - China Prime Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In September 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In September 2025, Russia maintained the highest interest rate at 17 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.3 percent in September 2025. In contrast, Russia maintained a high inflation rate of 8 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

A dataset of mentions, growth rate, and total volume of the keyphrase 'China Rate Cuts' over time.

Lower Limit of First Home Mortgage Rate: above LPR: Beijing data was reported at -0.450 % Point in 02 Dec 2025. This stayed constant from the previous number of -0.450 % Point for 01 Dec 2025. Lower Limit of First Home Mortgage Rate: above LPR: Beijing data is updated daily, averaging 0.550 % Point from Oct 2019 (Median) to 02 Dec 2025, with 2248 observations. The data reached an all-time high of 0.550 % Point in 25 Jun 2024 and a record low of -0.450 % Point in 02 Dec 2025. Lower Limit of First Home Mortgage Rate: above LPR: Beijing data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Lower Limit of First Home Mortgage Rate: Prefecture Level City. After adjustment on December 15, 2023: the lower limits of the first and second sets of interest rate policies in the six districts of the city are respectively no less than the market quoted interest rate for loans of the corresponding period plus 10 basis points, and no less than the market quoted interest rate for loans of the corresponding period plus 60 basis points; The lower limits of the first and second sets of interest rate policies in the six non-urban districts are not lower than the market quoted interest rate for loans of the corresponding period, and not lower than the market quoted interest rate for loans of the corresponding period plus 55 basis points.

China Required Reserve Ratio data was reported at 6.200 % in 02 Dec 2025. This stayed constant from the previous number of 6.200 % for 01 Dec 2025. China Required Reserve Ratio data is updated daily, averaging 9.400 % from Sep 2003 (Median) to 02 Dec 2025, with 8109 observations. The data reached an all-time high of 17.000 % in 29 Feb 2016 and a record low of 6.200 % in 02 Dec 2025. China Required Reserve Ratio data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Required Reserve Ratio . In view of the fact that the cut of the RRR effective from 15 Oct 2018 was not for all depository institutions, it could not be updated accordingly. Afterwards, if the official has disclosed the exact data of the ratio, it will be updated accordingly. Release date: 07 Oct 2018 In view of the fact that the cut of the RRR effective from 5 July 2018 was not for all depository institutions, it could not be updated accordingly. Afterwards, if the official has disclosed the exact data of the ratio, it will be updated accordingly. Release date: 24 June 2018 In view of the fact that the cut of the RRR effective from 25 April 2018 was not for all depository institutions, it could not be updated accordingly. Afterwards, if the official has disclosed the exact data of the ratio, it will be updated accordingly. Release date: 17 April 2018

Exports in China decreased to 305.35 USD Billion in October from 328.46 USD Billion in September of 2025. This dataset provides - China Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Lending Rate: Carbon Emission Reduction Facility data was reported at 1.750 % pa in Sep 2024. This stayed constant from the previous number of 1.750 % pa for Jun 2024. China Lending Rate: Carbon Emission Reduction Facility data is updated quarterly, averaging 1.750 % pa from Jun 2022 (Median) to Sep 2024, with 10 observations. The data reached an all-time high of 1.750 % pa in Sep 2024 and a record low of 1.750 % pa in Sep 2024. China Lending Rate: Carbon Emission Reduction Facility data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money and Banking – Table CN.KA: Structural Monetary Policy Instruments.

CN: Lower Limit of First Home Mortgage Rate: Base Rate Discount: Fujian: Ningde data was reported at 70.000 % in 07 Oct 2019. This stayed constant from the previous number of 70.000 % for 06 Oct 2019. CN: Lower Limit of First Home Mortgage Rate: Base Rate Discount: Fujian: Ningde data is updated daily, averaging 70.000 % from Jan 2019 (Median) to 07 Oct 2019, with 280 observations. The data reached an all-time high of 70.000 % in 07 Oct 2019 and a record low of 70.000 % in 07 Oct 2019. CN: Lower Limit of First Home Mortgage Rate: Base Rate Discount: Fujian: Ningde data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Lower Limit of First Home Mortgage Rate: Prefecture Level City.

In October 2025, the monthly inflation rate in China ranged at 0.2 percent compared to the same month in the previous year. Inflation had peaked at 2.8 percent in September 2022, but eased thereafter. The annual average inflation rate in China ranged at 0.2 percent in 2024. China’s inflation in comparison The term inflation means the devaluation of money caused by a permanent increase of the price level for products such as consumer or investment goods. The inflation rate is most commonly measured by the Consumer Price Index. The Consumer Price Index shows the price development for private expenses based on a basket of products representing the consumption of an average consumer household. Compared to other major economies in the world, China has a moderate and stable level of inflation. The inflation in China is on average lower than in other BRIC countries, although China enjoys higher economic growth rates. Inflation rates of developed regions in the world had for a long time been lower than in China, but that picture changed fundamentally during the coronavirus pandemic with most developed countries experiencing quickly rising consumer prices. Regional inflation rates in China In China, there is a regional difference in inflation rates. As of May 2025, Shaanxi province experienced the highest CPI growth, while Guangxi reported the lowest. In recent years, inflation rates in rural areas have often been slightly higher than in the cities. According to the National Bureau of Statistics of China, inflation was mainly fueled by a surge in prices for food and micellaneous items and services in recent months. The price gain in other sectors was comparatively slight. Transport prices have decreased recently, but had grown significantly in 2021 and 2022.

According to preliminary figures, the growth of real gross domestic product (GDP) in China amounted to 5.0 percent in 2024. For 2025, the IMF expects a GDP growth rate of around 4.8 percent. Real GDP growth The current gross domestic product is an important indicator of the economic strength of a country. It refers to the total market value of all goods and services that are produced within a country per year. When analyzing year-on-year changes, the current GDP is adjusted for inflation, thus making it constant. Real GDP growth is regarded as a key indicator for economic growth as it incorporates constant GDP figures. As of 2024, China was among the leading countries with the largest gross domestic product worldwide, second only to the United States which had a GDP volume of almost 29.2 trillion U.S. dollars. The Chinese GDP has shown remarkable growth over the past years. Upon closer examination of the distribution of GDP across economic sectors, a gradual shift from an economy heavily based on industrial production towards an economy focused on services becomes visible, with the service industry outpacing the manufacturing sector in terms of GDP contribution. Key indicator balance of trade Another important indicator for economic assessment is the balance of trade, which measures the relationship between imports and exports of a nation. As an economy heavily reliant on manufacturing and industrial production, China has reached a trade surplus over the last decade, with a total trade balance of around 992 billion U.S. dollars in 2024.

In the third quarter of 2025, the growth of the real gross domestic product (GDP) in China ranged at *** percent compared to the same quarter of the previous year. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. GDP growth in China In 2024, China ranged second among countries with the largest gross domestic product worldwide. Since the introduction of economic reforms in 1978, the country has experienced rapid social and economic development. In 2013, it became the world’s largest trading nation, overtaking the United States. However, per capita GDP in China was still much lower than that of industrialized countries. Until 2011, the annual growth rate of China’s GDP had constantly been above nine percent. However, economic growth has cooled down since and is projected to further slow down gradually in the future. Rising domestic wages and the competitive edge of other Asian and African countries are seen as main reasons for the stuttering in China’s economic engine. One strategy of the Chinese government to overcome this transition is a gradual shift of economic focus from industrial production to services. Challenges to GDP growth Another major challenge lies in the massive environmental pollution that China’s reckless economic growth has caused over the past decades. China’s development has been powered mostly by coal consumption, which resulted in high air pollution. To counteract industrial pollution, further investments in waste management and clean technologies are necessary. In 2017, about **** percent of GDP was spent on pollution control. Surging environmental costs aside, environmental issues could also be a key to industrial transition as China placed major investments in renewable energy and clean tech projects. The consumption of green energy skyrocketed from **** exajoules in 2005 to **** million in 2022.

1 Year MLF Rate in China remained unchanged at 2 percent in January. This dataset includes a chart with historical data for China One-Year Medium-Term Lending Facility Rate.

In 2024, Chinese exports of trade goods to the United States amounted to about 438.95 billion U.S. dollars; a significant increase from 1985 levels, when imports from China amounted to about 3.86 billion U.S. dollars. U.S. exports to China Compared to U.S. imports from China, the value of U.S. exports to China in 2020 amounted to 427.23billion U.S. dollars. China is the United States’ largest trading partner, while China was the United States third largest goods export market. Some of the leading exports to China in the agricultural sector included soybeans, cotton, and pork products. Texas was the leading state that exported to China in 2020 based on total value of goods exports, at 16.9 billion U.S. dollars. U.S. - China trade war The trade war between the United States and China is an economic conflict between two of the world’s largest national economies. It started in 2018 when U.S. President Donald Trump started putting tariffs and trade barriers on China, with the intent to get China to conform to Trump’s wishes. President Trump claimed that China has unfair trade businesses. As a result of this trade war, it has caused a lot of tension between the U.S. and China. Nearly half of American companies impacted by the U.S.-China trade tariffs said that the trade war increased their cost of manufacturing. The healthcare product industry has suffered the most from the trade war in regards to reduced profits.

Lower Limit of First Home Mortgage Rate: above LPR: Fujian: Fuzhou data was reported at -0.200 % Point in 02 Apr 2024. This stayed constant from the previous number of -0.200 % Point for 01 Apr 2024. Lower Limit of First Home Mortgage Rate: above LPR: Fujian: Fuzhou data is updated daily, averaging 0.000 % Point from Oct 2019 (Median) to 02 Apr 2024, with 1639 observations. The data reached an all-time high of 0.000 % Point in 18 May 2022 and a record low of -0.200 % Point in 02 Apr 2024. Lower Limit of First Home Mortgage Rate: above LPR: Fujian: Fuzhou data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Lower Limit of First Home Mortgage Rate: Prefecture Level City.

Cash Reserve Ratio in China remained unchanged at 7.50 percent in October. This dataset provides - China Cash Reserve Ratio- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Lower Limit of First Home Mortgage Rate: Base Rate Discount: Fujian: Zhangzhou data was reported at 70.000 % in 07 Oct 2019. This stayed constant from the previous number of 70.000 % for 06 Oct 2019. Lower Limit of First Home Mortgage Rate: Base Rate Discount: Fujian: Zhangzhou data is updated daily, averaging 70.000 % from Jan 2019 (Median) to 07 Oct 2019, with 280 observations. The data reached an all-time high of 70.000 % in 07 Oct 2019 and a record low of 70.000 % in 07 Oct 2019. Lower Limit of First Home Mortgage Rate: Base Rate Discount: Fujian: Zhangzhou data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Lower Limit of First Home Mortgage Rate: Prefecture Level City.

Lower Limit of First Home Mortgage Rate: above LPR: Fujian: Zhangzhou data was reported at -0.500 % Point in 28 May 2024. This stayed constant from the previous number of -0.500 % Point for 27 May 2024. Lower Limit of First Home Mortgage Rate: above LPR: Fujian: Zhangzhou data is updated daily, averaging 0.000 % Point from Oct 2019 (Median) to 28 May 2024, with 1695 observations. The data reached an all-time high of 0.000 % Point in 18 May 2022 and a record low of -0.500 % Point in 28 May 2024. Lower Limit of First Home Mortgage Rate: above LPR: Fujian: Zhangzhou data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Lower Limit of First Home Mortgage Rate: Prefecture Level City.

The Gross Domestic Product (GDP) in China expanded 4.80 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.