The People's Daily today released the central bank's financial operation statistics for the third quarter of the year which logged 28.7 trillion yuan of the balance of broad money supply (M2) by the end of September, a year-on-year increase of 17.9 percent. The upward movement is 4 percentage points higher than the same period of last year, 3.2 percentage points higher than the end of last year and 0.6 percentage points higher than the end of August.

This indicates that the M2 supply has been gaining momentum more considerably than expected.

The statistics also record 769 billion USD of foreign exchange reserve by the end of September, which surged 49.5 percent over the same period of last year.

From Jan. to Sept., China's forex reserve increased by 159.1 billion USD which is 47.8 billion USD more than the rise over the first nine month of last year. In September, however, the increase in the forex reserve was 2.6 billion USD less than the same month of last year.

By People's Daily Online