Forex reserves hit record

The country's foreign exchange reserves reached a record of $1.91 trillion at the end of September, an increase of 32.92 percent from the same period last year, the central bank said yesterday.

A total of $377.3 billion was added to the foreign exchange reserves in the first three quarters, the People's Bank of China said on its website, adding that in September alone, the figure rose by $21.4 billion.

China's soaring trade surplus is a major contributing factor to the soaring reserves.