The People's Bank of China (PBoC) lowered its benchmark interest rates by 20 bps to a record low of 3.85 percent on April 20th, matching market expectations. It is the second cut this year as policymakers sought to shore up the economy battling with the COVID-19 outbreak after it contracted by 6.8 percent year-on-year in Q1 2020, the first decline since at least 1992. The five-year loan prime rate (LPR) was also lowered by 10 bps to 4.65 percent and bigger than market consensus of a 5bps reduction. Interest Rate in China averaged 4.64 percent from 2013 until 2020, reaching an all time high of 5.77 percent in April of 2014 and a record low of 3.85 percent in April of 2020. The People’s Bank of China (PBOC) on August 17th, 2019, designated the Loan Prime Rate (LPR) the new lending benchmark for new bank loans to households and businesses, replacing the central bank’s benchmark one-year lending rate. The rate is based on a weighted average of lending rates from 18 commercial banks, which will submit their LPR quotations, based on what they have bid for PBOC liquidity in open market operations, to the national interbank funding center before 9am CST on the 20th of every month. This page 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.

Try your hand at navigating the dispute

Wang Xiaoshuai’s wonderfully acted film is an epic of love and loss

French transport group says factories coming back online but investors bet company will default

UK government in talks with China Railway Construction Corporation

Political sensitivities could be outweighed by workers’ construction expertise

Dr Kate Gaynor’s executive education was soon tested as general manager of a Chinese hospital

Many in Washington say Trump’s mini-deal with Beijing was a vehicle for political boasts

Beijing edits European opinion piece published in Chinese state-controlled media

Factories reopen but economy still faces challenges from weak services sector

Africans in Guangzhou evicted from hotels and had passports confiscated, officials say

As relations deteriorate over virus, Washington considers curbing supply chains and investment flows

Officials’ barbs come at a precarious time for Latin American country

UBS drops to second spot while Invesco slips to third in Z-Ben analysis of investment market

As relations deteriorate over the coronavirus, Washington considers curbing supply chains and investment flows

Hong Kong protests against a proposed extradition law that would allow criminal suspects to be handed over to China are continuing, despite a concession by the Hong Kong chief executive to suspend the proposed law. Naomi Rovnick discusses discusses what’s at stake for China and what the protesters are seeking to achieve, with Tom Mitchell in Beijing and Sue-Lin Wong in Hong Kong.

Contributors: Suzanne Blumsom, executive editor, Naomi Rovnick FT Live reporter, Sue-Lin Wong, South China correspondent and Tom Mitchell, Beijing bureau chief. Producer: Fiona Symon

See acast.com/privacy for privacy and opt-out information.

As the world’s largest carbon emitter, China will be in the spotlight at this week’s UN climate summit in New York.  Beijing has taken steps to tackle its pollution problems in recent years, but is it working? Pilita Clark puts this question to Leslie Hook, environment correspondent, and Lucy Hornby, deputy Beijing bureau chief. 

Contributors: Pilita Clark, business columnist, Leslie Hook, environment correspondent, and Lucy Hornby, deputy Beijing bureau chief.  Producer: Fiona Symon

See acast.com/privacy for privacy and opt-out information.

Beijing has ordered government offices and public institutions to remove all foreign computer equipment and software within three years as part of its bid for self-reliance in office technology. Malcolm Moore discusses the ramifications for Chinese and US companies and for the global supply chain with the FT’s Yuan Yang in Beijing.

Contributors: Malcolm Moore, technology news editor, and Yuan Yang, Beijing technology correspondent.  Producer: Fiona Symon

See acast.com/privacy for privacy and opt-out information.

The full impact of the deadly Sars-like virus that has spread across China will take time to assess. But it’s clear there will be significant damage to the region’s economies and perhaps also to the reputation of China’s leaders for failing to tackle the coronavirus early enough to prevent its spread. Andreas Paleit discusses the political and economic impact of the outbreak with Tom Hancock, recently back from Wuhan, James Kynge in Hong Kong and Sue-Lin Wong in Shenzhen.

Contributors: Andreas Paleit, companies desk editor, Tom Hancock, China consumer industries correspondent, Sue-Lin Wong, South China correspondent, and James Kynge, global China editor. Producers: Fiona Symon and Persis Love.

See acast.com/privacy for privacy and opt-out information.

Growing a beard, praying in public and calling someone overseas. These are some of the 'offences' for which Uighur Muslims have been sent to internment camps in the Xinjiang region of China, according to a leaked document known as the Karakax list. Adrienne Klasa talks to the FT reporters who discovered the document, Christian Shepherd and Laura Pitel. Read the FT story here

Contributors: Adrienne Klasa, creative producer, Christian Shepherd, Beijing correspondent, and Laura Pitel, Turkey correspondent. Producers: Persis Love and Fiona Symon

See acast.com/privacy for privacy and opt-out information.

Nation’s pharma industry has matured but is still a lot better at incremental innovation than major breakthroughs

As Beijing connects the region, the Philippines weighs ‘shutdown’ risk

The video app loved by teenagers is powered by artificial intelligence and protectionism

Companies suffer steep share-price falls while Luckin implosion highlights risks

Price of key steelmaking ingredient has held up, despite big drop in economic activity

Anglo-Australian mining group benefits from resilient iron ore price

Country’s production this year expected to top 2019 if coronavirus kept at bay

Experts fear country is embarking on more white elephant projects

Commission president sets out Brussels’ plan for CO2 border adjustment mechanism

But its coal addiction and authoritarian system mean it will struggle to take a global lead

An inquiry into the origins of Covid-19 is needed if important lessons are to be learnt

Outbreak ripples across US, European and Asian equity markets

Deal to create one of world’s biggest chemicals groups beset by management clashes

Welcome to Due Diligence, the FT’s daily deals briefing

Renewed friction between Washington and Beijing adds to coronavirus concerns

First New York listing by a Chinese company since Luckin Coffee debacle

A large problem remains: Washington does not know what it is trying to achieve

Canberra’s call for an inquiry into the origins of coronavirus has provoked threats from Beijing

Phone-based system controls entry and exit to neighbourhoods and taxi cabs

Washington’s stance is alarming US allies when a joint approach is needed

Two sides hold call on ‘phase one’ deal in rare easing of war of words over pandemic

Trust between the countries has deteriorated during the pandemic and is close to its lowest point since 1979

Founders plan for further expansion in Wuhan and beyond

Donald Trump’s all-guns-blazing approach is a sure way to a lose-lose break with Beijing

Demand in most profitable market nears 2019 level but brand expects slower revival in Europe

Tesla appears to be ramping up installations of its solar tile roofs in the San Francisco Bay area and will eventually roll out to Europe and China, according to CEO Elon Musk, who, in a series of tweets, provided the first substantial update since the company launched the third iteration of its product in October. […]

The Federal Government's decision to be a part of the Asian Infrastructure Investment Bank is a bold move which encourages long term investment in a growing region which will benefit Australia.

Young leaders from Australia and China are working together to provide creative solutions to issues facing both countries as part of the China Australia Millennial Project (CAMP).

A new PwC survey has found that 70 per cent of major Australian companies are planning to enter new joint ventures or strategic alliances to drive growth from the Chinese market.

Cloudflare today announced a new partnership with JD Cloud & AI that will see the company expand its network in Chinato an additional 150 data centers. Currently, Cloudflare is available in 17 data centers in mainland China, thanks to a long-standing partnership with Baidu, but this new deal is obviously significantly larger. CloudFlare’s original partnership […]