13/03/2014

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:00:00. > :00:07.it's not likely that his party would hold an indoor out referendum on the

:00:08. > :00:11.EU -- in or out referendum on the EU unless there was a significant

:00:12. > :00:20.further transfer of powers to Brussels. After more than one week

:00:21. > :00:24.of talks, it's the last day of China's major congress gathering.

:00:25. > :00:31.What comes next for the mainland's economy? The creators of Candy Crush

:00:32. > :00:43.Saga are buying a share sale in the US. How will investors react?

:00:44. > :00:50.China may see its financial system gets a makeover following a

:00:51. > :00:53.high-level government meeting. The National People's Congress, the

:00:54. > :01:00.annual gathering of Parliament, closes today after more than one

:01:01. > :01:04.week of talks. At the beginning, Premier League Ed Sheeran unveiled

:01:05. > :01:15.some key proposals for reform, including... -- Li Keqiang. We are

:01:16. > :01:31.waiting from a press conference from him shortly. Well, we certainly see

:01:32. > :01:38.the sense of urgency here. Nothing that was announced was not rumoured

:01:39. > :01:43.before. At this particular meeting, they set a clear marker, even

:01:44. > :01:48.implying some timelines. This is giving us a sense of when they might

:01:49. > :01:53.start to implement these reform. It's very unusual in China to do

:01:54. > :01:59.that. To prick it oneself to a timeline. We know that the deposit

:02:00. > :02:06.insurance scheme for banks might be running by the end of the year. How

:02:07. > :02:13.significant changes be? Will they be effective at addressing China's huge

:02:14. > :02:18.debt problems? It's one of many measures that need to be taken. The

:02:19. > :02:23.deposit guarantee scheme is one way to contain deposits in the banking

:02:24. > :02:26.sector. What we have seen in the last few years is savers taking

:02:27. > :02:30.their money out of banks and investing them in the so-called

:02:31. > :02:35.shadow banking system or buying property. If they are deposits were

:02:36. > :02:39.guaranteed, they would be more likely to keep their money in banks

:02:40. > :02:43.and therefore reduce the growth of shadow banking and even reduce the

:02:44. > :02:52.upward moment of real estate prices. -- momentum. Limits on pollution.

:02:53. > :02:57.That might mean scaling back China's huge industries. How might

:02:58. > :03:04.that look for China's economic future? These are difficult choices

:03:05. > :03:07.that China's leaders have to make but one the strong message is that

:03:08. > :03:13.they want to prioritise the environmental issues. They want to

:03:14. > :03:18.deal with pollution. There is clearly a lot of frustration in the

:03:19. > :03:22.country about the drop in air quality, for example. The leadership

:03:23. > :03:25.has received the message. The trouble is that some of these

:03:26. > :03:30.decisions in the short-term will have an effect on economic growth

:03:31. > :03:37.such as closing down some steel plants or a segment plants. If you

:03:38. > :03:39.close them down, they will have employment implications and growth

:03:40. > :03:46.implications in the short-term, but they have sent the message that they

:03:47. > :03:50.are determined to crack down. We are also waiting for fresh data from

:03:51. > :03:55.China that will show us the latest numbers on retail, sales, industrial

:03:56. > :04:00.output and urban investment. Australia's economy added more than

:04:01. > :04:05.47,000 jobs in February, triple the number analysts expected. The jump

:04:06. > :04:10.was driven by a search -- increase in full-time jobs. Despite that, the

:04:11. > :04:16.country's and implement rate remains steady. The US regulators have

:04:17. > :04:23.launched an investigation into the operations of a nutritious and

:04:24. > :04:28.weight loss company, Herbalife. There are allegations that it makes

:04:29. > :04:31.money from a pyramid scheme. Herbalife denies the allegations and

:04:32. > :04:41.says it will cooperate fully with the inquiry. Wall Street bonuses

:04:42. > :04:46.rose 15% last year to the highest level since the global financial

:04:47. > :04:54.crisis. The average bonus rose to more than $164,000 in 2013, with

:04:55. > :05:00.total bonuses making $26.5 billion. The report focused only on bonuses

:05:01. > :05:04.paid to bankers and brokers in New York City. The New Zealand central

:05:05. > :05:11.bank has lifted its key lending rate. The Reserve Bank of New

:05:12. > :05:15.England -- New Zealand increased interest rates, saying they no

:05:16. > :05:24.longer needed to be kept at a record low because the economy now had

:05:25. > :05:31.considerable omentum. It signalled further rises were ahead. Have you

:05:32. > :05:38.ever heard of Candy Crush Saga? The Dublin -based creator of those games

:05:39. > :05:42.saw revenue search -- increase 11 fold last year to nearly $2 billion

:05:43. > :05:50.and companies are looking to raise more than $500 million from a share

:05:51. > :05:58.sale in the US. Is this valuation reasonable? You have got to have a

:05:59. > :06:04.look at the company and ask exactly what an IPO is. It's what the

:06:05. > :06:07.founders of the business are trying to get as a state out of their

:06:08. > :06:14.business, in return for their investment. That's what an IPO is.

:06:15. > :06:17.There is a lot of popularity with regards to Candy Crush Saga and

:06:18. > :06:23.that's why the founders say this is a good time to sell it. Very popular

:06:24. > :06:29.as you say, but many of their eggs are in the one basket. They get 75%

:06:30. > :06:36.of their revenue just from Candy Crush Saga alone. What might this

:06:37. > :06:43.mean for the company's long-term prospects? Indications are already

:06:44. > :06:53.that consumption has gone down. That's a very good point. We must

:06:54. > :06:58.not forget about Zynga. They said it would be the next big thing. That

:06:59. > :07:02.is, until Candy Crush Saga came along and this is now the next big

:07:03. > :07:06.thing. We need to ask how many big things can the world actually

:07:07. > :07:11.tolerate? If everything is going to be a big thing, the world is not big

:07:12. > :07:15.enough or that many big things. When you look at Candy Crush Saga, you

:07:16. > :07:20.have to wonder about its longevity. I used to play it quite a lot and

:07:21. > :07:24.I'm waiting for the next big thing to come along already. As far as

:07:25. > :07:33.investors are concerned, the valuations are not that exorbitant.

:07:34. > :07:39.Even still, will they be able to sustain themselves over a long

:07:40. > :07:44.period? If not, the company does not have much of a chance. Tupperware is

:07:45. > :07:50.the universal mental plastic food containers but it's actually a

:07:51. > :07:57.60-year-old brand name. -- universal name for plastic food containers.

:07:58. > :08:07.Several generations on, does the original Tupperware model still

:08:08. > :08:10.work? Apparently, yes. And Asia has become the top performing sector.

:08:11. > :08:18.The Indonesian market is the biggest in the region. Tupperware parties,

:08:19. > :08:23.women, are extremely social. The women get together a lot and they

:08:24. > :08:31.pull in cash and buy things that they want. The business

:08:32. > :08:35.opportunities as well for selling Tupperware and making money appeals

:08:36. > :08:41.a great deal to women there. Your chief executive said that a top

:08:42. > :09:01.aware party takes place anywhere around the world every 1.4 seconds.

:09:02. > :09:06.-- Tupperware. Isn't this outdated? The format of these Tupperware

:09:07. > :09:08.parties have changed. What you see is outdated, housewives getting

:09:09. > :09:16.together to experience a party, which used to be a demonstration,

:09:17. > :09:21.it's actually more interactive. It's more like a girls night out. It

:09:22. > :09:25.could be like an office party. You say that you have evolved with the

:09:26. > :09:29.times and you can imagine that women did make money from Tupperware

:09:30. > :09:35.parties decades ago, but women are the workforce everywhere. Isn't that

:09:36. > :09:38.antiquated? There are two ways of looking at this. In the developed

:09:39. > :09:45.world, many of our sellers are women with full-time jobs. In the emerging

:09:46. > :09:49.world, it's just 30%, 40% of women who are in paid employment at the

:09:50. > :09:54.end of the day. The balance between living at home and still having a

:09:55. > :09:56.career and being entrepreneurial is still a very strong desire.

:09:57. > :10:04.Tupperware helps women achieve that. While it might look like that,

:10:05. > :10:12.when you get into and look at the psyche of a woman, she actually

:10:13. > :10:17.wants balance. Time for a quick look at the market. We are looking for

:10:18. > :10:21.that crucial Chinese data that will be out. That will have an impact on

:10:22. > :10:26.markets to some extent. There is some caution, however, already. A

:10:27. > :10:31.good reversal of the losses we have seen in recent days due to the fact

:10:32. > :10:44.that Wall Street scaled back much of its losses from earlier overnights.

:10:45. > :10:50.Thank you for joining us. The headlines: China has published

:10:51. > :10:54.images that it says may be of three pieces of wreckage from the

:10:55. > :10:55.Malaysian airline that vanished on Saturday on its way to