Renewable energy：NEA working meeting calls for more support to improve grid curtailment China Watch P221:Growth deceleration in 4Q15 vs.YTD 3Q15 EM Daily:Updating fiscal breakevens for EM oil producers Construction(NEUTRAL):Stimulus and accounting changes in spotlight Steel(NEUTRAL):Iron ore and steel prices still rising Phm/Biote(NEUTRAL):Key takeaways from corporate day Hong Kong: January CPI rises 2.7%oya driven by food prices First Look Growth in demand varies by market CHINA BANKS - ILLEGAL REDISCOUNTED BANK BILLS OF RMB8TRN SHOULD BE INTERPRETED CAREFULLY