»According to the latest research report from Nomura Securities, China's new loans in Feb. 2010 are expected to drop to RMB 600 billion, with the CPI up 2.1%. CITIC Securities expressed a similar opinion.

»For the impact of China’s traditional Spring Festival, new loans in February would always drop a lot from a historical point of view. On the other hand, the deposit-reserve ratio has been raised twice by the central bank, which was taken as a signal of credit tightening.

»According to the 2010 Government Work Report, China will continue the implementation of the pro-active fiscal policy and the moderately loose monetary policy, with new loans expected to achieve 7500 billion Yuan in 2010.