06/03/2017 Asia Business Report


06/03/2017

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today to try and form a new powers sharing government in Northern

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Ireland. But the first time, the unionists will not have a majority

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of seats. China's Premier has the growth

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target from 2017. We take a look at the risks facing the world 's

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second-largest economy. And how the dream of 3-D printing is becoming

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closer to reality. Good morning Asia. Hello world. It

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is a Monday, the start of a brand-new trading week. Glad you to

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join us for this edition of Asia Business Report. I am Rico Hizon. We

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start with China, which is that a forecast of growth of about 6.5% for

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this year, down from 2016's range, and the lowest in more than two

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decades. The plan was outlined at the national meeting at the National

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People's Congress. Premier Li pledged to go ahead with economic

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reforms and tackled the buildup of debt in the world's second-largest

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economy. One of the key focuses is not about

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growth, though China, it is about how to contain the financial risks.

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So one of the key reasons we have a stabilise growth in 2016 was support

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from three factors... How will they contain these risks? A few ways.

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What is important is the capacity in different sectors. So they want to

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cut down the capacity for coal production and silk production. And

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then is how you deal with the infantry in smaller cities. Number

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three is about leveraged. We have high copper lavage in China. We need

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to cut that down. And basically address the problems of the

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so-called zombie enterprises. -- leverage. Similar pledges have been

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made in the past, but been proved futile. That is because China is

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such a big country. So there are top-down measures to pass all those

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measures. Sometimes they can be downloaded. Citing for this year,

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China is going to set a lower bar for growth, because for the past two

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years, people have been focused on growth. If you really want to

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promote growth, it sometimes you need to sacrifice reforms and the

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measures to contain the risks. They also trying to input into this

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target of about 6.5% may be Donald Trump's policies, branding China as

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a currency manipulator that could impact growth, going forward? That

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is right. I think this is also taking a few factors into account.

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Number one is Donald Trump's policy. Number two, of course, the rate hike

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that might affect Chinese growth. China is preparing for all the

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possible outcomes from the international stage. And briefly, do

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think that a trade war is eminent between China and the US. In the

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business use, making headlines, Deutsche bank will be offering

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shares to raise about $8.5 billion. They plan to float part of asset

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management business, but will keep their retail banking business that

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it was expected it would unload. This follows huge losses and a $60

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billion legal bill imposed by a financial regulators since 2012.

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General Motors is expected to sell its European business to a French

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company that makes closure ancestral on. -- Peugeot and Citroen. That

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would make the buyer, Perce, the second-largest car manufacturer

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after false lichen. Workers are concerned that they keep their

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factories in Vauxhall and Luton. News has come out from technology

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companies in regards to H1B visas. Currently come, it companies can pay

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to have this processed in 18 days. But starting in April, this. For six

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months. There is a lot on the agenda for this week. As were talking

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about, the National People's Congress is under way in Beijing.

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Also, Saudi Arabia's King is currently on a tour Asia. He's been

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meeting with leaders in Indonesia and Malaysia and bringing investment

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deals with them. He will be heading to China and Japan as well. As for

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the daily front, look out for quarterly economic numbers from

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Japan. And I spoke to the chief strategist at Complete Intelligent.

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I wanted to ask if he be policies of Shinzo Abe were still affecting the

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economy. The problem we are seeing in Japan is demand. It is not the

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money supply side. It is really with demand. And we have been saying

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output the past four years. -- and we have been saying that fall. You

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can put as much cash into the supplies you want, but you are

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cutting that currency into more pieces. It is not real purchasing

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power that you're getting. That is right. You have an ageing population

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in. So what they need more as people. Migrants to come in and pump

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up the economy. Correct. They need people, they need workers. They

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contributes to consumption within the economy. Japan does not have

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domestic investment and they do not have consumption. This, they have a

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little bit of it, but not enough to grow at the level they want. And the

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third arrow over economics has been waiting on the sidelines. When do

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think it will ever materialise? I don't think anybody thought the

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third arrow - which is about deregulation, was serious. I think

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we hoped it was, but I do think we have thought it was serious. Chinese

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trade data is coming out this week. Do expect that to be good as well?

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You will be likely to continue to see a 40 billion dollar count

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between imports and exports. When you look at Chinese trade data, you

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really need to look at every January. The Fed readout will

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decline nominally. But you really need to average those two. --

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February data. How important is the Saudi Arabian king's trip. It is

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about investment. It is about influence, because China and Iran

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have been partners for a long time. As China tries to diversify its

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energy supply chain, Saudi Arabia is another source. And so the Saudis

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want to die loot the influence from Iran, and the Chinese want to

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diversify their energy supply chain. Whether it is a toy or a medical

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device, 3D printers are capable of August creating anything. They have

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become increasingly important in manufacturing and many other

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industries due to their diverse of -- their versatility. The sector is

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growing at 26% a year. Timothy McDonald recently visited a 3-D

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printing factory in Singapore. There is lots of excitement around

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3-D printing. It is supposed to be the next big thing in medicine,

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manufacturing, and design. But does it really live up to the hype? Is it

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good for something more than printing a simple toys like this

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one? For more, we speak to this man from the 3-D printing association in

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Hong Kong. What can you tell us about this model? This is one of the

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models that we have that allows us to come -- allow children to build

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their own components to former model. The printer prints all the

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parts, the screws, the nuts, and everything in a single pass. And you

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are also printing building blocks that with the screws and nuts or

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built-in, we have printed many of these and have formed a whole chair.

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There are clear medical applications. A surgeon could for

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example print a copy of a heart before putting a patient under a

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night. There are some limitations. The layer by layer approach tends to

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lead a rough service. One company believes it might have a solution to

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this problem. I am joined by Harvey Cohen from ExJet. We understand your

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printer is a look different. How is it different? We are grinding the

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metal into Nano particles. The difference is in a regular printer,

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you get a very rough surface due to the big particle size. Here, we are

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dealing with single nanoparticles that have a slow service and a fine

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finish product. Time will tell if it will fulfil its promise. And before

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we go, here is a quick look at the markets. A lacklustre start so far.

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You can see on the new trading week. The interest-rate hike prospect in

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the US versus slower growth in China. That is it forward this

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edition of Asia Business Report. Sport Today is coming up next.

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Can't,

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