7. Urban and Rural Residents' Income Continued to Rise with a Higher Growth for Rural Residents.

In the first three quarters, the per capita total income of urban households was 22,068 yuan. Specifically, the per capita disposable income of urban households was 20,169 yuan, a year-on-year growth of 9.5 percent, or a real growth of 6.8 percent after deducting price factors. Of the per capita total income of urban households, the year-on-year growth of wage income was 8.9 percent; net income from business operation 9.9 percent; property income 13.0 percent and 9.8 percent from transferred income. The per capita cash income of rural households was 7,627 yuan, up by 12.5 percent year-on-year, or 9.6 percent in real terms. Specifically, the nominal year-on-year growth of wage income was 17.1 percent; household operation income 8.0 percent; property income 23.2 percent; and 17.4 percent from transferred income. In the first three quarters, the median of per capita disposable income of urban households was 17,925 yuan, up by 9.6 percent year-on-year; the median of per capita cash income of rural households was 6,554 yuan, up by 13.2 percent. The number of rural migrant workers at the end of the third quarter was 173.92 million, which was 5.25 million more than that in the same period of last year, or up by 3.1 percent. The average monthly income of migrant workers was 2,542 yuan, up by 13.0 percent year-on-year.

8. Money Supply Enjoyed Relatively High Growth with More Newly Increased Loans Year-on-year.

By the end of September, the balance of broad money (M2) was 107.74 trillion yuan, a year-on-year growth of 14.2 percent, or 0.5 percentage point lower than that at the end of the previous month; the balance of narrow money (M1) was 31.23 trillion yuan, up by 8.9 percent, or 1.0 percentage point lower on a monthly basis; the balance of cash in circulation (M0) was 5.65 trillion yuan, up by 5.7 percent, a drop of 3.6 percentage points compared with that in the previous month. The amount of outstanding loans of all financial institutions at the end of September was 70.28 trillion yuan, while the amount of outstanding deposits was 103.09 trillion yuan. In the first three quarters, the newly increased loans reached 7.28 trillion yuan, an increase of 557.0 billion yuan; the newly increased deposits were 11.27 trillion yuan, an increase of 2.23 trillion yuan year-on-year.

As a whole, in the first three quarters of 2013, the overall national economy realized steady growth and enjoyed good momentum. The major indicators stayed within the rational range, which was in favor of promoting economic restructuring and pushing forward reforms. In the next phase, in accordance with the decisions and arrangements made by the central government, we should adhere to the main theme of scientific development and the mainline of transforming economic development mode, make more efforts to promote reform and opening-up, adjust economic structure and change development mode, further boost market vitality and internal vigor for long-term growth, so as to promote a sustainable and sound development of national economy for an upgraded version.

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