Experts dismiss Feb plunge in bank loans

BEIJING - New bank loans in China fell in February mainly due to seasonal factors, but market liquidity will likely stay ample, analysts said.

It is normal for bank loans to fall in February due to Spring Festival, said an official with the People's Bank of China.

"It's more advisable to look at the data of the first two months or even the first quarter," the official said in a statement posted on the central bank's website.