If one wants to determine whether the People's Bank of China will follow the Fed's rate hike in December this year, the following factors should be considered: (1) The modus operandi of this year's monetary policy operation of the People's Bank of China is "neither too loose nor too tight". (2) The People's Bank of China will not implement strong monetary policy. (3) Rate hikes are not wise policy decision under the global capital surplus environment. (4) Judging from the domestic demand in China, a stable interest rate environment is conducive to China's economic restructuring and reform. In summary, raising interest rates would be far from the current decision of the People's Bank of China’s vision.