Browse content similar to 06/03/2017. Check below for episodes and series from the same categories and more!
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today to try and form a new powers sharing government in Northern | :00:00. | :00:00. | |
Ireland. But the first time, the unionists will not have a majority | :00:00. | :00:00. | |
of seats. China's Premier has the growth | :00:00. | :00:17. | |
target from 2017. We take a look at the risks facing the world 's | :00:18. | :00:23. | |
second-largest economy. And how the dream of 3-D printing is becoming | :00:24. | :00:25. | |
closer to reality. Good morning Asia. Hello world. It | :00:26. | :00:35. | |
is a Monday, the start of a brand-new trading week. Glad you to | :00:36. | :00:40. | |
join us for this edition of Asia Business Report. I am Rico Hizon. We | :00:41. | :00:45. | |
start with China, which is that a forecast of growth of about 6.5% for | :00:46. | :00:50. | |
this year, down from 2016's range, and the lowest in more than two | :00:51. | :00:55. | |
decades. The plan was outlined at the national meeting at the National | :00:56. | :01:01. | |
People's Congress. Premier Li pledged to go ahead with economic | :01:02. | :01:06. | |
reforms and tackled the buildup of debt in the world's second-largest | :01:07. | :01:07. | |
economy. One of the key focuses is not about | :01:08. | :01:19. | |
growth, though China, it is about how to contain the financial risks. | :01:20. | :01:24. | |
So one of the key reasons we have a stabilise growth in 2016 was support | :01:25. | :01:32. | |
from three factors... How will they contain these risks? A few ways. | :01:33. | :01:39. | |
What is important is the capacity in different sectors. So they want to | :01:40. | :01:44. | |
cut down the capacity for coal production and silk production. And | :01:45. | :01:50. | |
then is how you deal with the infantry in smaller cities. Number | :01:51. | :01:57. | |
three is about leveraged. We have high copper lavage in China. We need | :01:58. | :02:02. | |
to cut that down. And basically address the problems of the | :02:03. | :02:10. | |
so-called zombie enterprises. -- leverage. Similar pledges have been | :02:11. | :02:14. | |
made in the past, but been proved futile. That is because China is | :02:15. | :02:18. | |
such a big country. So there are top-down measures to pass all those | :02:19. | :02:24. | |
measures. Sometimes they can be downloaded. Citing for this year, | :02:25. | :02:28. | |
China is going to set a lower bar for growth, because for the past two | :02:29. | :02:32. | |
years, people have been focused on growth. If you really want to | :02:33. | :02:35. | |
promote growth, it sometimes you need to sacrifice reforms and the | :02:36. | :02:40. | |
measures to contain the risks. They also trying to input into this | :02:41. | :02:45. | |
target of about 6.5% may be Donald Trump's policies, branding China as | :02:46. | :02:52. | |
a currency manipulator that could impact growth, going forward? That | :02:53. | :02:55. | |
is right. I think this is also taking a few factors into account. | :02:56. | :03:00. | |
Number one is Donald Trump's policy. Number two, of course, the rate hike | :03:01. | :03:08. | |
that might affect Chinese growth. China is preparing for all the | :03:09. | :03:11. | |
possible outcomes from the international stage. And briefly, do | :03:12. | :03:16. | |
think that a trade war is eminent between China and the US. In the | :03:17. | :03:31. | |
business use, making headlines, Deutsche bank will be offering | :03:32. | :03:36. | |
shares to raise about $8.5 billion. They plan to float part of asset | :03:37. | :03:41. | |
management business, but will keep their retail banking business that | :03:42. | :03:46. | |
it was expected it would unload. This follows huge losses and a $60 | :03:47. | :03:51. | |
billion legal bill imposed by a financial regulators since 2012. | :03:52. | :03:56. | |
General Motors is expected to sell its European business to a French | :03:57. | :04:00. | |
company that makes closure ancestral on. -- Peugeot and Citroen. That | :04:01. | :04:12. | |
would make the buyer, Perce, the second-largest car manufacturer | :04:13. | :04:18. | |
after false lichen. Workers are concerned that they keep their | :04:19. | :04:24. | |
factories in Vauxhall and Luton. News has come out from technology | :04:25. | :04:33. | |
companies in regards to H1B visas. Currently come, it companies can pay | :04:34. | :04:41. | |
to have this processed in 18 days. But starting in April, this. For six | :04:42. | :04:46. | |
months. There is a lot on the agenda for this week. As were talking | :04:47. | :04:50. | |
about, the National People's Congress is under way in Beijing. | :04:51. | :04:54. | |
Also, Saudi Arabia's King is currently on a tour Asia. He's been | :04:55. | :04:59. | |
meeting with leaders in Indonesia and Malaysia and bringing investment | :05:00. | :05:02. | |
deals with them. He will be heading to China and Japan as well. As for | :05:03. | :05:08. | |
the daily front, look out for quarterly economic numbers from | :05:09. | :05:19. | |
Japan. And I spoke to the chief strategist at Complete Intelligent. | :05:20. | :05:23. | |
I wanted to ask if he be policies of Shinzo Abe were still affecting the | :05:24. | :05:26. | |
economy. The problem we are seeing in Japan is demand. It is not the | :05:27. | :05:31. | |
money supply side. It is really with demand. And we have been saying | :05:32. | :05:35. | |
output the past four years. -- and we have been saying that fall. You | :05:36. | :05:39. | |
can put as much cash into the supplies you want, but you are | :05:40. | :05:43. | |
cutting that currency into more pieces. It is not real purchasing | :05:44. | :05:47. | |
power that you're getting. That is right. You have an ageing population | :05:48. | :05:53. | |
in. So what they need more as people. Migrants to come in and pump | :05:54. | :05:58. | |
up the economy. Correct. They need people, they need workers. They | :05:59. | :06:02. | |
contributes to consumption within the economy. Japan does not have | :06:03. | :06:06. | |
domestic investment and they do not have consumption. This, they have a | :06:07. | :06:09. | |
little bit of it, but not enough to grow at the level they want. And the | :06:10. | :06:14. | |
third arrow over economics has been waiting on the sidelines. When do | :06:15. | :06:21. | |
think it will ever materialise? I don't think anybody thought the | :06:22. | :06:26. | |
third arrow - which is about deregulation, was serious. I think | :06:27. | :06:30. | |
we hoped it was, but I do think we have thought it was serious. Chinese | :06:31. | :06:36. | |
trade data is coming out this week. Do expect that to be good as well? | :06:37. | :06:43. | |
You will be likely to continue to see a 40 billion dollar count | :06:44. | :06:48. | |
between imports and exports. When you look at Chinese trade data, you | :06:49. | :06:54. | |
really need to look at every January. The Fed readout will | :06:55. | :06:59. | |
decline nominally. But you really need to average those two. -- | :07:00. | :07:03. | |
February data. How important is the Saudi Arabian king's trip. It is | :07:04. | :07:13. | |
about investment. It is about influence, because China and Iran | :07:14. | :07:20. | |
have been partners for a long time. As China tries to diversify its | :07:21. | :07:25. | |
energy supply chain, Saudi Arabia is another source. And so the Saudis | :07:26. | :07:31. | |
want to die loot the influence from Iran, and the Chinese want to | :07:32. | :07:35. | |
diversify their energy supply chain. Whether it is a toy or a medical | :07:36. | :07:41. | |
device, 3D printers are capable of August creating anything. They have | :07:42. | :07:44. | |
become increasingly important in manufacturing and many other | :07:45. | :07:50. | |
industries due to their diverse of -- their versatility. The sector is | :07:51. | :07:54. | |
growing at 26% a year. Timothy McDonald recently visited a 3-D | :07:55. | :08:00. | |
printing factory in Singapore. There is lots of excitement around | :08:01. | :08:09. | |
3-D printing. It is supposed to be the next big thing in medicine, | :08:10. | :08:13. | |
manufacturing, and design. But does it really live up to the hype? Is it | :08:14. | :08:17. | |
good for something more than printing a simple toys like this | :08:18. | :08:21. | |
one? For more, we speak to this man from the 3-D printing association in | :08:22. | :08:29. | |
Hong Kong. What can you tell us about this model? This is one of the | :08:30. | :08:37. | |
models that we have that allows us to come -- allow children to build | :08:38. | :08:44. | |
their own components to former model. The printer prints all the | :08:45. | :08:50. | |
parts, the screws, the nuts, and everything in a single pass. And you | :08:51. | :08:55. | |
are also printing building blocks that with the screws and nuts or | :08:56. | :09:01. | |
built-in, we have printed many of these and have formed a whole chair. | :09:02. | :09:05. | |
There are clear medical applications. A surgeon could for | :09:06. | :09:11. | |
example print a copy of a heart before putting a patient under a | :09:12. | :09:19. | |
night. There are some limitations. The layer by layer approach tends to | :09:20. | :09:23. | |
lead a rough service. One company believes it might have a solution to | :09:24. | :09:30. | |
this problem. I am joined by Harvey Cohen from ExJet. We understand your | :09:31. | :09:34. | |
printer is a look different. How is it different? We are grinding the | :09:35. | :09:45. | |
metal into Nano particles. The difference is in a regular printer, | :09:46. | :09:50. | |
you get a very rough surface due to the big particle size. Here, we are | :09:51. | :10:01. | |
dealing with single nanoparticles that have a slow service and a fine | :10:02. | :10:06. | |
finish product. Time will tell if it will fulfil its promise. And before | :10:07. | :10:11. | |
we go, here is a quick look at the markets. A lacklustre start so far. | :10:12. | :10:17. | |
You can see on the new trading week. The interest-rate hike prospect in | :10:18. | :10:21. | |
the US versus slower growth in China. That is it forward this | :10:22. | :10:27. | |
edition of Asia Business Report. Sport Today is coming up next. | :10:28. | :10:29. | |
Can't, | :10:30. | :10:31. |