military says that north korea has fired multiple missiles into the east sea, also known as the sea of japan. it is said the missiles were launched from an errant near the border of china. the white house eyes asked the congress to investigate president trump's claims that back obama ordered his phones tapped. there has been a denial of the allegations by the former director of national intelligence. the second day of the chinese national people's congress is under way. and francois fillon says he will not quit amid allegations of corruption. and the top story here in the uk: talks will begin later today to try and form a new powers sharing government in northern

ireland. but the first time, the unionists will not have a majority of seats. china's premier has the growth target from 2017. we take a look at the risks facing the world ‘s second—largest economy. and how the dream of 3—d printing is becoming closer to reality. good morning asia. hello world. it isa good morning asia. hello world. it is a monday, the start of a brand—new trading week. glad you to join us for this edition of asia business report. i am rico hizon. we start with china, which is that a forecast of growth of about 6.5% for this year, down from 2016's range, and the lowest in more than two decades. the plan was outlined at the national meeting at the national people's congress. premier li

pledged to go ahead with economic reforms and tackled the buildup of debt in the world's second—largest economy. 0ne one of the key focuses is not about growth, though china, it is about how to contain the financial risks. so one of the key reasons we have a stabilise growth in 2016 was support from three factors... how will they contain these risks? a few ways. what is important is the capacity in different sectors. so they want to cut down the capacity for coal production and silk production. and thenis production and silk production. and then is how you deal with the infa ntry then is how you deal with the infantry in smaller cities. number three is about leveraged. we have high copper lavage in china. we need to cut that down. and basically

address the problems of the so—called zombie enterprises. —— leverage. similar pledges have been made in the past, but been proved futile. that is because china is such a big country. so there are top—down measures to pass all those measures. sometimes they can be downloaded. citing for this year, china is going to set a lower bar for growth, because for the past two yea rs, for growth, because for the past two years, people have been focused on growth. if you really want to promote growth, it sometimes you need to sacrifice reforms and the measures to contain the risks. they also trying to input into this target of about 6.5% may be donald trump's policies, branding china as a currency manipulator that could impact growth, going forward? that is right. i think this is also taking a few factors into account. number one is donald trump's policy.

number one is donald trump's policy. number two, of course, the rate hike that might affect chinese growth. china is preparing for all the possible outcomes from the international stage. and briefly, do think that a trade war is eminent between china and the us. in the business use, making headlines, deutsche bank will be offering shares to raise about $8.5 billion. they plan to float part of asset management business, but will keep their retail banking business that it was expected it would unload. this follows huge losses and a $60 billion legal bill imposed by a financial regulators since 2012. general motors is expected to sell its european business to a french company that makes closure ancestral

on. “— company that makes closure ancestral on. —— peugeotand company that makes closure ancestral on. —— peugeot and citroen. that would make the buyer, perce, the second—largest car manufacturer after false lichen. workers are concerned that they keep their factories in vauxhall and luton. news has come out from technology companies in regards to h1b visas. currently come, it companies can pay to have this processed in 18 days. but starting in april, this. for six months. there is a lot on the agenda for this week. as were talking about, the national people's congress is under way in beijing. also, saudi arabia's king is currently on a tour asia. he's been meeting with leaders in indonesia and malaysia and bringing investment

deals with them. he will be heading to china and japan as well. as for the daily front, look out for quarterly economic numbers from japan. and i spoke to the chief strategist at complete intelligent. i wanted to ask if he be policies of shinzo abe were still affecting the economy. the problem we are seeing injapan is demand. it is not the money supply side. it is really with demand. and we have been saying output the past four years. —— and we have been saying that fall. you can put as much cash into the supplies you want, but you are cutting that currency into more pieces. it is not real purchasing power that you're getting. that is right. you have an ageing population in. so what they need more as people. migrants to come in and pump up people. migrants to come in and pump up the economy. correct. they need people, they need workers. they

contributes to consumption within the economy. japan does not have domestic investment and they do not have consumption. this, they have a little bit of it, but not enough to grow at the level they want. and the third arrow over economics has been waiting on the sidelines. when do think it will ever materialise?” don't think it will ever materialise?|j don't think anybody thought the third arrow — which is about deregulation, was serious. i think we hoped it was, but i do think we have thought it was serious. chinese trade data is coming out this week. do expect that to be good as well? you will be likely to continue to see a a0 billion dollar count between imports and exports. when you look at chinese trade data, you really need to look at every january. the fed readout will decline nominally. but you really need to average those two. ——

february data. how important is the saudi arabian king's trip. february data. how important is the saudi arabian king's tripm february data. how important is the saudi arabian king's trip. it is about investment. it is about influence, because china and iran have been partners for a long time. as china tries to diversify its energy supply chain, saudi arabia is another source. and so the saudis wa nt to another source. and so the saudis want to die loot the influence from iran, and the chinese want to diversify their energy supply chain. whether it is a toy or a medical device, 3d printers are capable of august creating anything. they have become increasingly important in manufacturing and many other industries due to their diverse of —— their versatility. the sector is growing at 26% a year. timothy mcdonald recently visited a 3—d

printing factory in singapore. there is lots of excitement around 3-d there is lots of excitement around 3—d printing. it is supposed to be the next big thing in medicine, manufacturing, and design. but does it really live up to the hype? is it good for something more than printing a simple toys like this one? for more, we speak to this man from the 3—d printing association in hong kong. what can you tell us about this model? this is one of the models that we have that allows us to come —— allow children to build their own components to former model. the printer prints all the parts, the screws, the nuts, and everything in a single pass. and you are also printing building blocks that with the screws and nuts or

built—in, we have printed many of these and have formed a whole chair. there are clear medical applications. a surgeon could for example print a copy of a heart before putting a patient under a night. there are some limitations. the layer by layer approach tends to lead a rough service. 0ne company believes it might have a solution to this problem. i am joined by harvey cohen from exjet. we understand your printer is a look different. how is it different? we are grinding the metal into nano particles. the difference is in a regular printer, you get a very rough surface due to the big particle size. here, we are dealing with single nanoparticles

that have a slow service and a fine finish product. time will tell if it will fulfil its promise. and before we go, here is a quick look at the markets. a lacklustre start so far. you can see on the new trading week. the interest—rate hike prospect in the us versus slower growth in china. that is it forward this edition of asia business report. sport today is coming up next. can't, —— the top stories this our: north korea has test fired for ballistic missile is. three had landed in the sea of japan. tokyo missile is. three had landed in the sea ofjapan. tokyo has described the lodgers as a grave threat. —— hour. the former us intelligence chief has denied president donald trump's claims that his phones were cut during the election campaign.

the chancellor, philip hammond, has played down expectations of big spending announcements in the budget on wednesday. he has said that britain needs fuel in the tank as it prepares to leave the european union. with labour calling for increased spending on public services, including health and social care, the chancellor says that although the economy is performing well, spending sprees would be reckless. —— labour. these days, a long shadow cast itself over westminster and whitehall. brexit is dominating politics, and as the chancellor makes his spending plans, it dominates his calculations, too. i regard myjob as chancellor as making sure that our economy is resilient, that we've got reserves in the tanks, so as we embark on the journey that we'll be taking over the next couple of years, we are confident that we've got enough gas in the tank to see us through the journey. chanting: no ifs, no buts, no nhs cuts!

but domestic pressures are building up, too. there are repeated calls for more money for the nhs, plus claims social care is in crisis and desperately needs extra funding. the chancellor says this is no time for a spending spree, but labour's warning more needs to be done. not at all, what we're saying is we'll have a fair taxation system, we'll tackle tax evasion, tax avoidance, we'll make sure there's no longer giveaways to corporations and the rich, we'll invest in our economy and grow the economy, and on that basis we'll be able to afford the public services that we need, and we'll also be able to afford fair wages. the chancellor might have abandoned the target and timetable of his predecessor, george osborne, but he hasn't abandoned the commitment to dealing with a deficit. economic forecasts might be looking up, but don't expect any fireworks in this wednesday's budget. and the government won't want any surprises when eu leaders formally start brexit negotiations later this month. the chancellor expects to get a trade agreement, but has a warning. anybody in the european union

who thinks that if we don't do a deal with the european union, if we don't continue to work closely together, britain will simply, you know, slink off as a wounded animal, that is not going to happen. hello. this is sport today, live from the bbc sport centre. coming up on this programme: in the english premier league, tottenham beat everton and celebrate harry kane's two goals with some unique handshakes. world number one, dustinjohnson, wins the wgc event in mexico city. and fans of peshawar zalmi celebrate after winning cricket's

pakistan super league title. hello, and welcome to the programme, where we start with english premier league football. tottenham have trimmed the gap to seven points between themselves and english premier league league leaders chelsea, who play west ham on monday, after spurs scored a 3—2 win over everton. the england forward harry kane scored twice moving him to 19 league goals for the season and also taking him top of the goalscoring charts. dele alli got tottenham's third late on. impressive handshakes all—round. but two late everton goals did set up a nervous finish.