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BEIJING, Oct 13 (Reuters) - China's foreign exchange reserves soared $194 billion in the July-September period to $2.648 trillion, the People's Bank of China said on Wednesday.
The reserves rose $84.6 billion in July, $8.9 billion in August and $100.5 billion in September.
Chinese banks extended 595.5 billion yuan in net new local-currency loans in September, compared with August's 545 billion yuan, the central bank said on its website, www.pbc.gov.cn.
Yuan loans outstanding at the end of September were 18.5 percent higher than a year earlier.
Annual growth in China's broad M2 measure of money supply quickened to 19.0 percent in September from 18.6 percent in August.
The median forecast of economists was for foreign exchange reserves to climb $40.7 billion in the third quarter; issuance of 500 billion yuan in loans in September; and an 18.3 percent rise in M2 last month. [ID:nTOE69A021] [ID:nTOE68T036]
Monthly new yuan loans (billions)
Sep Aug Jul Jun May Apr Mar Feb Jan Dec
596 545 533 603 639 774 511 700 1390 380
Yuan loans outstanding (trillions, pct change vs year ago)
Sep Aug Jul Jun May Apr Mar Feb Jan Dec Lvl 46.3 45.7 45.1 44.6 44.0 43.4 42.6 42.1 41.4 40.0 Chg 18.5 18.6 18.4 18.2 21.5 22.0 21.8 27.2 29.3 31.7
Money supply (percent change on a year earlier):
Sep Aug Jul Jun May Apr Mar Feb Jan Dec M2 19.0 19.2 17.6 18.5 21.0 21.5 22.5 25.5 26.0 27.7 M1 20.9 21.9 22.9 24.6 29.9 31.3 29.9 35.0 39.0 32.4 M0 13.8 16.0 15.5 15.7 15.2 15.8 15.8 22.0 -0.8 11.8
Foreign exchange reserves (in billions of dollars)
Sep10 Jun10 Mar10 Dec09 Sep09 Jun09 Mar09 2,648.3 2,454.3 2,447.1 2,399.2 2,272.6 2,131.6 1,953.7 (Reporting by Aileen Wang and Kevin Yao; Editing by Ken Wills)