:00:00. > :00:00.most secure areas of the city. Those are the latest headlines from
:00:00. > :00:00.BBC World News. Now for the latest financial news in World Business
:00:00. > :00:22.Report. China's economic growth rate falls
:00:23. > :00:25.to a still impressive 7.7%. But that is still a rate most other countries
:00:26. > :00:30.can only dream about. And the gender gap is still alive
:00:31. > :00:32.and well. New research shows female graduates ask for much lower
:00:33. > :00:39.starting salaries than their male colleagues.
:00:40. > :00:49.Welcome to World Business Report. I'm Sally Bundock.
:00:50. > :01:00.Also, bad news from Deutsche Bank. It is hit with costly fines.
:01:01. > :01:04.Economic growth in China, the world's second largest economy, was
:01:05. > :01:07.at its slowest for 14 years in 2013. Its gross domestic product expanded
:01:08. > :01:20.7.7% from the year before - the slowest pace of growth since 1999.
:01:21. > :01:27.However,. It was better than the government's target of 7.5%. China
:01:28. > :01:30.needs a high level of growth to provide new jobs and prosperity and
:01:31. > :01:34.so the focus now is on economic reform and one place where that is
:01:35. > :01:37.meant to be on display is in the new free trade zone, which opened in
:01:38. > :01:48.Shanghai four months ago. Here's our correspondent, John Sudworth.
:01:49. > :01:54.So far, not much appears to have happened. The old warehouses and
:01:55. > :01:57.factories are still here. As they were four months ago when this plot
:01:58. > :02:04.of land was formally opened as part of Shanghai's new free-trade zone.
:02:05. > :02:09.Behind the scenes, there has been a flurry of activity. More than 40
:02:10. > :02:14.business consultancies have been set up to help thousands of interested
:02:15. > :02:19.companies register inside the zone. Rents have more than doubled. There
:02:20. > :02:23.is a sense of idealism and adventure. TRANSLATION: China is
:02:24. > :02:29.entering a new era with new leadership. The free trade zone
:02:30. > :02:34.could be a connecting point between China and the world. As a young man,
:02:35. > :02:42.my game is based on my country's dream. I hope to achieve something
:02:43. > :02:47.here. On the edge of the free-trade zone, a reminder of China's existing
:02:48. > :02:51.model of growth, based on energy intensive heavy industry. The zone
:02:52. > :02:57.is supposed to be about moving towards a new model, creating the
:02:58. > :02:59.conditions to encourage the financial and service sector
:03:00. > :03:06.companies that are vital to a consumer economy. But despite the
:03:07. > :03:15.high hopes, four months after the signboards went up, some beginning
:03:16. > :03:21.to wonder whether it will have a significant impact. People are
:03:22. > :03:25.moving cautiously. Bold measures like full currency convertibility
:03:26. > :03:30.remains aspirational rather than reality. There is certainly no
:03:31. > :03:36.shortage of pioneering companies hoping to get themselves a foothold.
:03:37. > :03:40.But whether this really is the gateway into China's future, the
:03:41. > :03:52.next big leap forward in economic reform, there is not enough detail
:03:53. > :03:54.to judge. David Wilder from Market News
:03:55. > :04:05.International joins me now from Beijing. There is quite a delay
:04:06. > :04:11.between my speaking and David hearing. Please bear with us. What
:04:12. > :04:17.is your take on this figure, 7.7% growth for 2013. It is not a good
:04:18. > :04:27.figure. But it is not a bad one either. The good news is, as you
:04:28. > :04:37.say, it is above last year's target of 7.5%. It reflects a slowing
:04:38. > :04:42.investment and slowing output. But the bigger problem is investment is
:04:43. > :04:49.actually making up a bigger proportion of the growth then seen
:04:50. > :04:54.in 2009 and 2003. That reflects the idea the government has resorted in
:04:55. > :04:59.the middle of last year to the kind of a moderate version of the
:05:00. > :05:10.stimulus than we are used to seeing, as growth need the 7.5%
:05:11. > :05:19.target. The bigger question is, why is it slowing? Local governments are
:05:20. > :05:24.borrowing more amounts of money even though the economy is growing a
:05:25. > :05:29.little bit slowly. That is the biggest concern in the 2014. I was
:05:30. > :05:35.going to ask you about your concerns. The worry about the amount
:05:36. > :05:48.of money borrowed. Risky debts. A lot of banks have warned China this
:05:49. > :06:00.year. What is your view? The current support is, will there be a limb and
:06:01. > :06:04.type crisis? -- Lehman Brothers type crisis? The economy is borrowing too
:06:05. > :06:11.much and going too slowly. The government needs to sort it out. The
:06:12. > :06:14.problem with that is that low volumes of credit implied and a lot
:06:15. > :06:20.of weight of growth. Will that be tolerated when the government needs
:06:21. > :06:33.growth? Deutsche Bank has reported a
:06:34. > :06:35.surprise loss for the fourth quarter of 2013, after releasing its latest
:06:36. > :06:38.results earlier than expected. Overall, Deutsche said it posted a
:06:39. > :06:44.pre-tax loss of just over one billion euros for the final quarter
:06:45. > :06:47.of 2013. In dollars, that's $1.5 billion. The bank said that
:06:48. > :06:50.litigation costs and restructuring had weighed heavily on its financial
:06:51. > :06:54.performance. The legal bills mounted up to 528 million euros for the
:06:55. > :06:57.period, while revenues fell 16%. We'll see how shares in Deutsche
:06:58. > :07:03.shares react to this news this morning when trading starts in a few
:07:04. > :07:06.hours' time. Shares of Japan's Nintendo plunged
:07:07. > :07:11.18% at the open in Tokyo after the gaming giant warned it would swing
:07:12. > :07:14.back into the red. The news comes as Nintendo slashed its global sales
:07:15. > :07:16.forecast for its flagship Wii U game console from nine million units to
:07:17. > :07:19.2.8 million consoles. The company also scaled back its expectations
:07:20. > :07:26.for its 3DS portable game console from 18 million units to 13.5
:07:27. > :07:29.million. However, Nintendo president Satoru Iwata claimed that there are
:07:30. > :07:38.no short-term plans to reshuffle management.
:07:39. > :07:43.Female graduates are not asking for the going rate salary, compared to
:07:44. > :07:46.their male counterparts setting out at the beginning of their career.
:07:47. > :07:49.Graduate-jobs.com measured results over a ten-year period and found
:07:50. > :07:59.that female graduates request lower starting salaries than male
:08:00. > :08:01.graduates. Also, the starting salary requested by female graduates in the
:08:02. > :08:06.UK is ?1,438 lower than male graduates.
:08:07. > :08:16.With me is Gerry Wyatt, operations director at graduate-jobs.com. You
:08:17. > :08:21.found this out. How did you come to the conclusion? How did you measure
:08:22. > :08:28.this? Every graduate and visit our site and register is to use our
:08:29. > :08:35.service, we ask them, what would you want your starting salary to be? We
:08:36. > :08:43.did that over ten years. We did that with 500 million graduates. The
:08:44. > :08:49.salary difference between males and females over ten years has been
:08:50. > :08:52.relatively consistent. Women on average request a salary that is
:08:53. > :09:03.about ?1000 less than their male counterparts. In 2011, the gap
:09:04. > :09:08.widened to ?1400. Is it true to say that in a lot of graduate jobs, the
:09:09. > :09:13.salary is kind of fixed? N in your career, when you can negotiate and
:09:14. > :09:20.say what you wish to earn, it that not the case? Absolutely. In
:09:21. > :09:24.entry-level roles, the salary is fixed. This is purely based on the
:09:25. > :09:36.question of what you want to be paid. Why is that capital they are?
:09:37. > :09:45.There are a few reasons. -- gap still there. Female graduates tend
:09:46. > :09:51.to gravitate towards media, advertising and marketing. In the
:09:52. > :09:58.downturn, those industries may have been hard hit. Those salaries may
:09:59. > :10:01.have come down. Women may have reflected their expectations
:10:02. > :10:07.differently. That could be one reason. Hopefully, we are in a
:10:08. > :10:15.period of recovery so that gap might start closing. There is also
:10:16. > :10:28.potentially... There has been research about the gender pay divide
:10:29. > :10:31.the past few years. Maybe females are responding to the fact that
:10:32. > :10:32.there does appear to be salary divide. Will keep an eye on that.
:10:33. > :10:47.Thank you. There is the slowing growth in the
:10:48. > :11:11.world's number two economy. A new action plan to improve
:11:12. > :11:14.standards of mental health treatment will be launched by the Government
:11:15. > :11:18.today. The Deputy Prime Minister, Nick Clegg, has set out 25 areas
:11:19. > :11:20.where changes are needed and says mental health should have an equal
:11:21. > :11:32.priority with physical health. Michael Buchanan reports.
:11:33. > :11:33.At a hospital in Kent, Nick Clegg he's from