According to an article in China Review News on April 23, 2013, broad money supply (M2) in China has increased quickly. It reached 103.61 trillion yuan in March of 2013. China’s M2 stock and incremental has jumped to the first in the world. This does not match China’s status as a developing country. Currently, China‘s GDP accounts for only a quarter of the world‘s total. An excess money supply will only lead to inflation.
Source: China Review News, April 23, 2013
http://www.zhgpl.com/doc/1025/1/2/2/102512217.html?coluid=53&kindid=0&docid=102512217&mdate=0423080551