China's gold reserves exceeded $ 3 trillion

China's foreign exchange reserves at the end of March 2011 for the first time in history exceeded $ 3 trillion, Bloomberg reported citing the People's Bank of China. China's reserves - the largest in the world. The volume of new loans granted by banks to China in March amounted to 679.4 billion yuan ($ 104 billion). This is slightly higher than forecast an expert of that expected the volume of loans of 600 billion yuan. Chinese Central Bank has taken various measures to curb rising inflation and the rate of increase in lending: from October 2010 the People's Bank of China has four times raised key interest rates on loans and deposits. Note that the Chinese reserves of almost six times higher than Russia's. Central Bank's foreign exchange reserves as at April 2011 are little more than $ 500 billion