Key indicators show economy on even keel

Seasonal fluctuations had big impact on credit, other data in first two months

As drastic ups and downs in China's money and credit data within the first two months have sparked discussions on the reasons for this, the central bank issued an explanation on Monday morning, saying that robust financing activities have well supported economic growth so far this year.

Following January's rare boost in bank lending and full-aperture financing movements, China's money supply, new loan growth and aggregate social financing - the most important financial indicators, all retreated back to their normal status, said the People's Bank of China, the central bank.