China’s interest rate is currently 6 percent. The interest rate in China is reported by the People’s Bank of China. Historically, from 1996 – 2013, China’s interest rate has averaged 6.44 percent reaching an all-time high of 10.98 percent in June of 1996 and a record low of 5.31 percent in February 2002. The People’s Bank of China issues two different benchmark interest rates: one year lending and one year deposit rate.
The U.S. dollar to Chinese Yuan exchange rate is currently 6.214, down from 6.316 the previous year. So it takes 6.214 Chinese Yuan to equal one U.S. dollar. The Gross Domestic Product in China was up two percent in the fourth quarter of 2012 from the previous quarter. GDP Growth Rate in China is reported by the National Bureau of Statistics of China. Historically, from 2011 to 2012, China GDP Growth Rate averaged 2.06 percent reaching an all-time high of 2.50 percent in June of 2011 and a record low of 1.50 percent in March of 2012. In China, the growth rate of GDP measures the change in the seasonally adjusted value of the goods and services produced by the Chinese economy during the quarter.
In February of this year, China’s balance of trade recorded a trade surplus of 152.51 Hundred Million USD. Balance of Trade in China is reported by the General Administration of Customs. Historically, from 1983 until 2013, China’s balance of trade has averaged 53.31 Hundred Million USD reaching an all-time high of 404 Hundred Million USD in November of 2008 and a record low of -319.81 Hundred Million USD in February of 2012. Since 1995 China has recorded consistent trade surpluses. From 2004 to 2009 China’s annual trade surplus has increased ten times. Below is a chart with the historical data for China’s Balance of Trade.
China’s unemployment rate remained unchanged at 4.10 percent in the fourth quarter of 2012 from 4.10 percent in the third quarter of 2012. Unemployment Rate in China is reported by the Ministry of Human Resources and Social Security of the People’s Republic of China (PRC). Historically, from 2002 until 2012, China’s unemployment rate has averaged 4.15 percent reaching an all-time high of 4.30 percent in December of 2003 and a record low of 3.90 percent in September of 2002. In China the unemployment rate measures the number of people actively looking for a job as a percentage of the labor force.
China is facing some serious