And turning to China's economy. <br />Official figures show producer prices are continuing their three-year-long decline, raising fears of damaging deflation. <br />On Tuesday, the National Bureau of Statistics released data showing the country's producer price index dropping by a record 4.8 percent in February compared to a year earlier.<br />Analysts are attributing the decline to slowing external and internal demand, as well as over-production in the industrial sector. <br />Last week, Chinese leaders set this year's economic growth target at about 7 percent, representing the weakest level in 25 years.<br />Though the central bank has cut interest rates twice in recent months, some expect Beijing will need to provide further support to keep deflation at bay.
