:00:00. > :00:00.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. > :00:17.of seats. China's Premier has the growth
:00:18. > :00:23.target from 2017. We take a look at the risks facing the world 's
:00:24. > :00:25.second-largest economy. And how the dream of 3-D printing is becoming
:00:26. > :00:35.closer to reality. Good morning Asia. Hello world. It
:00:36. > :00:40.is a Monday, the start of a brand-new trading week. Glad you to
:00:41. > :00:45.join us for this edition of Asia Business Report. I am Rico Hizon. We
:00:46. > :00:50.start with China, which is that a forecast of growth of about 6.5% for
:00:51. > :00:55.this year, down from 2016's range, and the lowest in more than two
:00:56. > :01:01.decades. The plan was outlined at the national meeting at the National
:01:02. > :01:06.People's Congress. Premier Li pledged to go ahead with economic
:01:07. > :01:07.reforms and tackled the buildup of debt in the world's second-largest
:01:08. > :01:19.economy. One of the key focuses is not about
:01:20. > :01:24.growth, though China, it is about how to contain the financial risks.
:01:25. > :01:32.So one of the key reasons we have a stabilise growth in 2016 was support
:01:33. > :01:39.from three factors... How will they contain these risks? A few ways.
:01:40. > :01:44.What is important is the capacity in different sectors. So they want to
:01:45. > :01:50.cut down the capacity for coal production and silk production. And
:01:51. > :01:57.then is how you deal with the infantry in smaller cities. Number
:01:58. > :02:02.three is about leveraged. We have high copper lavage in China. We need
:02:03. > :02:10.to cut that down. And basically address the problems of the
:02:11. > :02:14.so-called zombie enterprises. -- leverage. Similar pledges have been
:02:15. > :02:18.made in the past, but been proved futile. That is because China is
:02:19. > :02:24.such a big country. So there are top-down measures to pass all those
:02:25. > :02:28.measures. Sometimes they can be downloaded. Citing for this year,
:02:29. > :02:32.China is going to set a lower bar for growth, because for the past two
:02:33. > :02:35.years, people have been focused on growth. If you really want to
:02:36. > :02:40.promote growth, it sometimes you need to sacrifice reforms and the
:02:41. > :02:45.measures to contain the risks. They also trying to input into this
:02:46. > :02:52.target of about 6.5% may be Donald Trump's policies, branding China as
:02:53. > :02:55.a currency manipulator that could impact growth, going forward? That
:02:56. > :03:00.is right. I think this is also taking a few factors into account.
:03:01. > :03:08.Number one is Donald Trump's policy. Number two, of course, the rate hike
:03:09. > :03:11.that might affect Chinese growth. China is preparing for all the
:03:12. > :03:16.possible outcomes from the international stage. And briefly, do
:03:17. > :03:31.think that a trade war is eminent between China and the US. In the
:03:32. > :03:36.business use, making headlines, Deutsche bank will be offering
:03:37. > :03:41.shares to raise about $8.5 billion. They plan to float part of asset
:03:42. > :03:46.management business, but will keep their retail banking business that
:03:47. > :03:51.it was expected it would unload. This follows huge losses and a $60
:03:52. > :03:56.billion legal bill imposed by a financial regulators since 2012.
:03:57. > :04:00.General Motors is expected to sell its European business to a French
:04:01. > :04:12.company that makes closure ancestral on. -- Peugeot and Citroen. That
:04:13. > :04:18.would make the buyer, Perce, the second-largest car manufacturer
:04:19. > :04:24.after false lichen. Workers are concerned that they keep their
:04:25. > :04:33.factories in Vauxhall and Luton. News has come out from technology
:04:34. > :04:41.companies in regards to H1B visas. Currently come, it companies can pay
:04:42. > :04:46.to have this processed in 18 days. But starting in April, this. For six
:04:47. > :04:50.months. There is a lot on the agenda for this week. As were talking
:04:51. > :04:54.about, the National People's Congress is under way in Beijing.
:04:55. > :04:59.Also, Saudi Arabia's King is currently on a tour Asia. He's been
:05:00. > :05:02.meeting with leaders in Indonesia and Malaysia and bringing investment
:05:03. > :05:08.deals with them. He will be heading to China and Japan as well. As for
:05:09. > :05:19.the daily front, look out for quarterly economic numbers from
:05:20. > :05:23.Japan. And I spoke to the chief strategist at Complete Intelligent.
:05:24. > :05:26.I wanted to ask if he be policies of Shinzo Abe were still affecting the
:05:27. > :05:31.economy. The problem we are seeing in Japan is demand. It is not the
:05:32. > :05:35.money supply side. It is really with demand. And we have been saying
:05:36. > :05:39.output the past four years. -- and we have been saying that fall. You
:05:40. > :05:43.can put as much cash into the supplies you want, but you are
:05:44. > :05:47.cutting that currency into more pieces. It is not real purchasing
:05:48. > :05:53.power that you're getting. That is right. You have an ageing population
:05:54. > :05:58.in. So what they need more as people. Migrants to come in and pump
:05:59. > :06:02.up the economy. Correct. They need people, they need workers. They
:06:03. > :06:06.contributes to consumption within the economy. Japan does not have
:06:07. > :06:09.domestic investment and they do not have consumption. This, they have a
:06:10. > :06:14.little bit of it, but not enough to grow at the level they want. And the
:06:15. > :06:21.third arrow over economics has been waiting on the sidelines. When do
:06:22. > :06:26.think it will ever materialise? I don't think anybody thought the
:06:27. > :06:30.third arrow - which is about deregulation, was serious. I think
:06:31. > :06:36.we hoped it was, but I do think we have thought it was serious. Chinese
:06:37. > :06:43.trade data is coming out this week. Do expect that to be good as well?
:06:44. > :06:48.You will be likely to continue to see a 40 billion dollar count
:06:49. > :06:54.between imports and exports. When you look at Chinese trade data, you
:06:55. > :06:59.really need to look at every January. The Fed readout will
:07:00. > :07:03.decline nominally. But you really need to average those two. --
:07:04. > :07:13.February data. How important is the Saudi Arabian king's trip. It is
:07:14. > :07:20.about investment. It is about influence, because China and Iran
:07:21. > :07:25.have been partners for a long time. As China tries to diversify its
:07:26. > :07:31.energy supply chain, Saudi Arabia is another source. And so the Saudis
:07:32. > :07:35.want to die loot the influence from Iran, and the Chinese want to
:07:36. > :07:41.diversify their energy supply chain. Whether it is a toy or a medical
:07:42. > :07:44.device, 3D printers are capable of August creating anything. They have
:07:45. > :07:50.become increasingly important in manufacturing and many other
:07:51. > :07:54.industries due to their diverse of -- their versatility. The sector is
:07:55. > :08:00.growing at 26% a year. Timothy McDonald recently visited a 3-D
:08:01. > :08:09.printing factory in Singapore. There is lots of excitement around
:08:10. > :08:13.3-D printing. It is supposed to be the next big thing in medicine,
:08:14. > :08:17.manufacturing, and design. But does it really live up to the hype? Is it
:08:18. > :08:21.good for something more than printing a simple toys like this
:08:22. > :08:29.one? For more, we speak to this man from the 3-D printing association in
:08:30. > :08:37.Hong Kong. What can you tell us about this model? This is one of the
:08:38. > :08:44.models that we have that allows us to come -- allow children to build
:08:45. > :08:50.their own components to former model. The printer prints all the
:08:51. > :08:55.parts, the screws, the nuts, and everything in a single pass. And you
:08:56. > :09:01.are also printing building blocks that with the screws and nuts or
:09:02. > :09:05.built-in, we have printed many of these and have formed a whole chair.
:09:06. > :09:11.There are clear medical applications. A surgeon could for
:09:12. > :09:19.example print a copy of a heart before putting a patient under a
:09:20. > :09:23.night. There are some limitations. The layer by layer approach tends to
:09:24. > :09:30.lead a rough service. One company believes it might have a solution to
:09:31. > :09:34.this problem. I am joined by Harvey Cohen from ExJet. We understand your
:09:35. > :09:45.printer is a look different. How is it different? We are grinding the
:09:46. > :09:50.metal into Nano particles. The difference is in a regular printer,
:09:51. > :10:01.you get a very rough surface due to the big particle size. Here, we are
:10:02. > :10:06.dealing with single nanoparticles that have a slow service and a fine
:10:07. > :10:11.finish product. Time will tell if it will fulfil its promise. And before
:10:12. > :10:17.we go, here is a quick look at the markets. A lacklustre start so far.
:10:18. > :10:21.You can see on the new trading week. The interest-rate hike prospect in
:10:22. > :10:27.the US versus slower growth in China. That is it forward this
:10:28. > :10:29.edition of Asia Business Report. Sport Today is coming up next.
:10:30. > :10:31.Can't,