Meanwhile, all eyes are on U.S. inflation data and initial jobless claims on Thursday for clues on the likely path of U.S. rates this year. Market participants are also awaiting authorities’ next policy move as the National People’s Congress begins its annual meeting on March 5. Key topics to monitor include discussions about the governments “new model” for the property sector, local government financing and fiscal reforms, as well as other demand-side stimulus such as support to consumption.
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