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As the world's largest coal producer and consumer, China has been accelerating the pace of slashing excess capacity. It seeks to cut capacity by at least 150 million tons in 2017, according to the National Development and Reform Commission.

As the trade tensions have escalated after the United States imposed hefty additional tariffs on a large amount of Chinese goods, enterprises in China need to rethink the shifting of value chains and the consequences, the economist said.

As usual, Fed Chair Jerome Powell will hold a press conference after the meeting on Wednesday, and is likely to face more questions on the fate of the economy if Washington lawmakers are unable to bridge their impasse and extend jobless benefits that are due to expire by year's end.

As the central bank, the People's Bank of China, launched its massive reverse repurchase operation after the Spring Festival - injecting additional liquidity to boost the economy - investors anticipate that more stimulus measures like this are underway, said Linus Yip Sheung-chi, chief strategist at First Shanghai Securities.

As the protection of minors is currently facing a variety of problems, the draft revision to the minors protection law made positive responses to issues concerning minors such as family guardianship, campus safety and internet addiction which had drawn wide attention from the public, and met the practical needs in the work on minors protection, according to the legislators.