s singaporeanered executive. to the national people's congress in beijing, talking about a restart when it comes to u.s.omberg markets: asia" lamb haidi lun in sydney. inhaad: i am rishaad salamat hong kong. quite a scene at the moment, wang yi addressing the npc, talking about a new beginning for the relationship with washington. they want toaying expand cooperation in all areas and that each have to respect one another's social system, going on to say there is no reason why the united states and china cannot be partners and hoping the washington relationship with will be more robust. too paying a compliment perhaps his opposite man there, rex tillerson in the united saying he is a man who loves to communicate. this is what is coming out of beijing at the moment. that's right. we will continue to monitor that speech there. a lot on his agenda at the moment with that troublesome ally in north korea. we have pretty big guest joining us on bloomberg tv. ceo of talk to the new iata. on daybreak america, our conversation with the commerce secretary wilbur ross. guests comingg up, in particular that conversa

composite rose for a second straight day as the national people's congress supported market sentiment. they will seek more innovation-driven development. the s&p in australia added .26%. the country's central bank kept its key interest rate. >>> the head of one of japan's largest department stores is to resign following poor sales report. onishi will step down at the end of this month. he had been trying to diversify the firm's business over the last five years. in one new venture, they teamed up with a tour agency. but overall, earnings have been dented by poor sales and a slow in the shopping spree by foreign tourists. the net is expected to fall by 50% from the previous year. they also plan to close some stores and reduce floor space. >>> japan's yamato transport has been suffering from a shortage of drivers due to the surge in online shopping. they are planning to raise rates across the board. they have not increased prices since 1990. the executives have yet to decide on the size of the rate hike but plan to introduce the new fee this autumn. a lackk of drivers had forced yamato to outsource some deliveries, which have increased costs.

national people's congress. over in sydney, a rebound in oil supported the resource heavy index. the s&p asx 200 index added 0.25% to 5,774 as the ending number with mining companies climbing higher on the back of iron ore prices. >>> the nominee for u.s. trade representative has indicated he'll push japan to further open its agricultural market. robert lithe hiezer was speaking to a senate confirmation hearing. >> i would list, of course, japan as being a primary target for a place where increased access for agriculture is important. >> the trump administration as been accusing japan of unfair trade practices. the two countries plan to hold a first round of economic dialogue in mid-april, and u.s. officiais could raise the issue of japan's agricultural tariffs. japan's chief cabinet secretary yeo she hee ga xsuga said last month the u.s. didn't demand a review of farm tariffs. >> translator: we hope to have constructive discussions during the japan/u.s. economic dialogue and build a win/win relationship between our two countries. >>> meanwhile, the trump administration is planning to

s range, and the lowest in more than two decades. the plan was outlined at the national meeting at the national people's congress. 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

s target range and the lowest in more than 20 years. premier li keqiang outlined the plan at the annual meeting of china's parliament — the national people's congresssidential hopeful francois fillon where many on the right his party want him out of the race. mr fillon has said no—one can force him to withdraw his candidacy for the presidency. he's under investigation over allegations he used public money to pay family members for work they didn't do. the international new york times reports on south sudan where war is engulfing new previously peaceful areas of the nation. tens of thousands of civilians have been killed and region is suffering a national food crisis. and finally, in the china daily business pages, they say more chinese than ever are travelling to the united states and other foreign destinations. chinese outbound tourists are expected to reach 150 million by 2020. joining us isjonathan charles who's director of communications at the european bank for reconstruction and development good morning. this story is incredible. white house aides was asked three times when mr trump is going to provide some kind of evidence about

s. it also banned entry to áallá refugees. sources say the new ban will not affect green card holders and people who already have visas. in other national headlines. the white house is demanding congressstigate whether president obama abused his executive powers... this all in connection with the 20-16 election. in a series of tweets, president trump says the obama administration wiretapped phones at trump tower during the presidential campaign. andrew spencer has more. president donald trump made the accusation as he has made many others: in a tweet from his personal twitter account. it reads, "terrible! just found out that obama had my 'wires tapped' in trump tower before the victory."trump offered no evidence to support his accusation.a spokesperson for former president barack obama released a statement saying, "a cardinal rule of the obama administration was that no white house official ever interfered with any independent investigation led by the department of justice. as part of that practice, neither president obama nor any white house official ever ordered surveillance on any u-s citizen. any suggestion otherwise is simply false."the tweets caught the attention of some lawmake

national people's congress. it compared to last year's goal of 6.5%-six .7%. reduce thet to dangers of excessive borrowing. coal capacity is trying to be lowered by 20 50 million --sand the soda lowdown lowdown could lessen social cost as hundreds of workers faced the laid off -- janet yellen has left little doubt that she will raise interest rates this month, telling an audience in chicago there are dangers in being too slow to move. she all but declared the rates will rise at the 14th and 15th , saying more could be determined if policymakers determine that the economy is staying on track. at our meeting later this month, the committee will anduate whether employment inflation are continuing to evolve in line with our case, aions, in which further adjustment of the federal funds rate would likely be appropriate. sophie: south korea has promised to protect companies against unfair trade measures in china. this is a tensions rise over a u.s. defense system. for -- cointreau stores have been shut out in china for alleged fire safety violations. global news, 24 hours a day, powered by more than 2600 journalists and analysts in 120 countries. this is bloomberg. haidi

s&p closed, not a lot today. it bonds a sold off big time. joe: top of the range on rates. clearly putting march in the table. week, china's national people's congressmier presents the proposed key economic targets for the new year. at thewill be looking ecb, whether it will change its interest rates thursday. scarlet: u.s. jobs data friday morning. this could be the key on whether the fed moves ahead with a rate hike. joe: the white house might issue a new executive order on immigration next week. scarlet: it is with the lawyers right now. that is all for global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. joe: have a great weekend. th alisa: i am alisa parenti and you are watching "bloomberg technology." let's start with a check of your first word news. president trump visited a religious school in florida signaling his education agenda will focus on school choice. theegan the tour of catholic school in orlando with a visit to a fourth-grade classroom. teachers unions criticized the visit saying it shows trump's hostility towards public schools. federal authorities have arres