Against the background of global climate change and anthropogenic stresses, extreme climate events (ECEs) are projected to increase in both frequency and intensity. Precipitation is one of the main climate parameters for ECE analysis. However, accurate precipitation information for extreme climate events research from dense rain gauges is still difficult to obtain in mountainous or economically disadvantaged regions. Satellite precipitation products (SPPs) with high spatial and temporal resolution offer opportunities to monitor ECE intensities and trends on large spatial scales. In this study, the accuracies of seven SPPs on multiple spatiotemporal scales in the Yangtze River Basin (YRB) during the period of 2003–2017 are evaluated, along with their ability to capture ECE characteristics. The seven products are the Tropical Rainfall Measuring Mission, Climate Hazards Group InfraRed Precipitation with Station Data (CHIRPS) (25), CHIRPS (05), Climate Prediction Center Morphing (CMORPH), Precipitation Estimation from Remotely Sensed Information using Artificial Neural Networks (PERSIANN)-Climate Data Record, PERSIANN-Cloud Classification System, and Global Precipitation Measurement (GPM) IMERG. Rain gauge precipitation data provided by the China Meteorological Administration are adopted as reference data. Various statistical evaluation metrics and different ECE indexes are used to evaluate and compare the performances of the selected products. The results show that CMORPH has the best agreement with the reference data on the daily and annual scales, but GPM IMERG performs relatively well on the monthly scale. With regard to ECE monitoring in the YRB, in general, GPM IMERG and CMORPH provide higher precision. As regards the spatial heterogeneity of the SPP performance in the YRB, most of the examined SPPs have poor accuracy in the mountainous areas of the upper reach. Only CMORPH and GPM IMERG exhibit superior performance; this is because they feature an improved inversion precipitation algorithm for mountainous areas. Furthermore, most SPPs have poor ability to capture extreme precipitation in the estuaries of the lower reach and to monitor drought in the mountainous areas of the upper reach. This study can provide a reference for SPP selection for ECE analysis.
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