China New Loans, Money Supply, Forex Reserves Trail Estimates

China’s money supply grew at the slowest pace in a decade in September, new loans were the smallest in almost two years and quarterly foreign-exchange reserves rose the least in more than 10 years.

New local-currency loans were 470 billion yuan ($73.7 billion) and M2, the broadest measure of money supply, rose a less than estimated 13 percent, according to a statement on the People’s Bank of China website today.