EM Daily：Tailwinds and underlying risks China Auto Drivers:What to expect from the upcoming National People’s Congress China Monthly Wrap:February 2016:Underperformance Continues China Oil & Gas:Expert’s View on CBM subsidy increase-not enough to incentivize drilling;no radical output growth in sight Sansiri:4QFY15 profit down 18% y‐y RS:4QFY15 net profit up a whopping 718.3% y‐y, strong growth momentum set to continue into 1QFY16 Market News Land and Houses:FY16 norm profit likely back on growth track Home Product Center:Five key strategies set to spur sales amid sluggish economy CP All:New stores and product launches seen as catalyst to earnings growth