May look on wall street later. And the challenge of keeping your kids entertained we will talk to a businesswoman who has crowd funded effo rts businesswoman who has crowd funded efforts to make a backpack with wi fi and gps. Hole in the wall, cashpoint or atm whatever you call it, it is celebrating its 50th birthday. Our eights days numbered . Butare birthday. Our eights days numbered . But are its days numbered . A very warm welcome to business life. If chinas premier warned the World Economic forum that fairness is essential or else people will feel left behind. After the usa, china is the worlds second largest economy, with a value of the 11 trillion. It accounts for almost 15 of what the world produces each year, but it is home to 19 of the worlds population, almost one in five and with the number of people increasing, so too are its cities, in size and number. A brand new eco city xiongan will house 2. 5 million people. It is home to several unicorns, that is Companies Worth over 1 billion. Some of the best known names with global ambitions are start up businesses worth over 10 billion. Lets cross to our Asia Business correspondent karishma vaswani, who is in singapore. The Chinese Premier has been speaking in the last couple of hours tell us what he said about chinas economy. The Big Focus For China at the World Economic forum, the break face of china to the world, appears to be achieving the countrys stated growth targets. The premier said that china can contain any of the risks that have been so well publicised about its economy. It can achieve those growth targets. I am talking about the massive amounts of public and private debt that china has, worth more than 250 of gdp, figures that are very scary for most developed economies, let alone china, which is still in the midst ofa china, which is still in the midst of a big transition. Speaking at the World Economic forum, the premier dismissed those concerns and said that chinas economy remained steady and had seen improving momentum as it moved to a more domestic focused policy. The premier said that Growth Forecast is realistic, but he did point to the difficulties ahead in ensuring that everybody is included in this rapid pace of growth. Lets listen to what he had to say. Translation globalisation is changing our world with unprecedented speed and depth, which has provided limitless opportunities for all economies. However, has provided limitless opportunities forall economies. However, if inadequate measures are taken, it might create a problem of lack of inclusive growth. In other words, it will create a problem of fairness. For example, some people will benefit more than other groups, and Traditional Industries and jobs may feel the impact. Traditional industries and Jobs May Feelthe impact. There Traditional Industries and jobs may feel the impact. There seems to be a big focus on tech, and it is a long standing ambition for China To Bea Long Standing Ambition for china to be a world leader in that field. Indeed, and many other big names from asia that have become Household Names that us, this has become a really important part of the remarkable transformation in china. Lets not forget that over the last 30 years, china basically turned into the factory of the world, lifted incomes and Living Standards for people across the country, and made goods much cheaper than the rest of us. It is trying to do the same thing when it comes to technology, and i think that ambition will be played out in the coming decades. What would the Chinese Premier be satisfied with at the end of this World Economic forum . I think for many of them are murderers about china going forward, the fact that a lot of analysis has gone into the idea that there is going to be a hard landing. What china really ca res going to be a hard landing. What china really cares about is the social contract it has with its people. We have had this massive Economic Transformation of the last 30 years, but that has lifted Living Standards for people at home. For this to continue, you really need to see inclusive growth, not this huge gap between rich and poor that every day appears to be getting wider range china, which is why there is been this onus on cracking down on corruption. There has been. It is a Big Yearfor The Premier and there isa a Big Yearfor The Premier and there is a Big Party Congress at the end of the year, so he has to show that the economy is running well and that people at home are satisfied, so i think that will be a key thing to come out of this forum. Thank you very much for that analysis. Lets take a look at some of the other stories making the news. Western digital has told the bbc that they have resubmitted their bid for toshibas nand flash memory unit. The offer is understood to be in region of 18bn which is the same as the one from a consortium backed by the japanese government, which toshiba last week announced as its preferred option. Toshiba is under pressure to raise money following the huge losses it has incurred from its us nuclear unit. The us firm that supplied cladding used on londons Grenfell Tower says it has ended global sales of the product for use in high rise blocks. Arconics shares closed down almost 6 in new york on monday. The company said it was discontinuing sales of reynobond pe for tower blocks due to issues identified by the fire which is believed to have killed at least 79 people. The japanese Computer Gaming giant nintendo has announced another re release. This time its set to bring the super nintendo Entertainment System back to life. The original was launched in 1990 and sold 50m units worldwide. Some analysts have suggested its part of its Marketing Drive to increase sales of its latest console, the ninetendo switch. Nissan says it paid its Chief Executive carlos ghosn around 10 million in the year ended march, up 2. 5 percent from the previous year. Mr ghosn, whos One Of The Best paid auto executives, received a separate salary of 7. 89 million last year as the head of renault, nissans automating alliance partner. He stepped down as nissan Chief Executive at the end of march, but remains chairman of the japanese company. Lets look at how the markets are doing. Japanese stocks edged towards two year highs on tuesday. Exporters benefited from a strong dollar, shares in toyota, panasonic and canon were all up. The dollar has risen in value as investors are expecting comments from Federal ReserveChairjanet Yellen to support the feds projection for one more Interest Rate rise this year. A softer open on the european markets. Theres a general sense of caution in financial markets, according to analysts, noting that commodities like crude oil, which is suffering from a glut, remained shaky though, that said, it has stabilised, and the recent selloff has stalled. A slight lack of direction on wall street at the end of monday trading, the s p500 and dow closed fairly flat. What does today have in store . Federal reserve Chairjanet Yellen is in london talking about Global Economic issues. Traders will be tuning in to see in americas top Central Banker has anything to add on the feds decision earlier this month to raise Interest Rates for the third time since december. Now, her message is likely to emphasise that while the economy may not be overheating, the recovery in the us is Strong Enough for it to consider another rate hike this year. But will in coming Economic Data reinforce that argument. Two pieces to watch this tuesday is the case shiller House Price Index as well as a report on consumer confidence. Mea nwwhile ubers search for a new ceo continues after the resignation of the founder Travis Kalanick last week. Among those reportedly in the running are former yahoo Ceo Marissa Mayer and facebooks ceo, Cheryl Sandberg and the former Chief Executive of ford, mark fields. Thank you, michelle. Joining us is jane foley, senior currency strategist, rabobank. You are doing markets with us, but i will mention a market related story thatis will mention a market related story that is now live that is on our live page. There was a dip in the gold price of 1. 5 yesterday tell us gold price of 1. 5 yesterday tell us why and explain what fat fingered trade means. It means that the market has aggressively given as a price move. What happens is, there are various orders in the system that immediately get filled and the price moves back very aggressively. We call it a fat finger, which probably means somebody made a mistake. Literally, their finger is too fat and they have gone to press wonky and hit another one. Too fat and they have gone to press wonky and hit another onem too fat and they have gone to press wonky and hit another one. It could have been that, or an extra zero, perhaps. Somebody somewhere is probably pretty embarrassed. When you do that. Sorry, but when you do that, i can imagine the horror if you had done that. Is there anyway to pull it back . It is likely someone to pull it back . It is likely someone is out of money somewhere. The system has a lot of trade stored up, so as the system has a lot of trade stored up, so as soon the system has a lot of trade stored up, so as soon as a the system has a lot of trade stored up, so as soon as a certain price is hit, they get filled. Someone is very sadly probably out of pocket. You would think the system would detect unusual activity and flag it up detect unusual activity and flag it up before it is too late. The systems do have various safety nets all over the place, but you do sometimes see the sort of movement. We saw it with sterling not so long ago, with the gold market seven or eight years ago. It still happens. Today, we will hear from two big important people, the head of the Federal Reserve and the governor of the bank of england. What we expect to hear . The Federal Reserve have been saying that they will raise Interest Rates this year, and three times next year, and they will start addressing their massive Balance Sheet which is a result of quantitative easing, by the end of this year. But the market is not convinced because the Economic Data in the us has been mixed, particularly in relation to inflation. The Market Expectation is that inflation will decline. This is why the market is not convinced, but the head of the Federal Reserve has insisted that inflation will rise as unemployment comes down. We will see. Thank you for the analysis. Still to come would you buy your kids a backpack with wi fi and gps . Well be talking to one businesswoman who is trying to make it a reality. Youre with Business Live from bbc news. 50 years ago today, the worlds first cash machine was installed outside a branch of barclays in enfield, london. Now there are 70,000 in the uk, and Three Million worldwide. The traditional Hole In The Wall has come a long way in half a century, as Simon Gompertz reports. 1967, a revolution. The first money from a Hole In The Wall. You put in a voucher and a code and you got ten £1 notes. Reg varney, a tv celebrity of the time, had a go and the cash machine was born. And this is what weve come to. Less a cash machine than a mini bank. On these ones, you can even open a bank account. Signing your name, it will take my photo as welljust to prove that its me. This one shows you if someones looking over your shoulder to steal your pin code, reassurance you might want if they close your branch to replace it with a machine. Were moving towards and no bank branch era. We used to have about 20,000 Bank Branches in the uk and soon we will have 4000. Smart atms, as were calling them, in the future will provide 99 of all the services that people can get from Bank Branches today. That is not a world everyone will welcome but the technology unleashed back in the 60s is still transforming the way we bank half a century later. Simon gompertz, bbc news. This is a little quiz for you ben. What do you think is 20 more expensive now than it was this time last year . Everything. Thats how it feels. A grocery item. A grocery item. You might spread it on your toast. But ir. Very good butter is almost 20 more expensive than last year. 0verall Grocery Inflation running at 3. 2 . Thats a lot to do with the fall in sterling, the general inflation that were seeing and there is a picture of lidl, the uks Fastest Growing supermarket chain, sales growing there 18 . We are talking about the Western Digital bid for toshiba, the chip business, there is more on that. Its all there, whenever youd like to have a look. 0r to have a look. Or you to have a look. 0ryou can to have a look. Or you can look at it via the app. Youre watching Business Live. Our top story, chinas premier li keqiang has been hailing the benefits of economic globalisation, saying it brings unprecedented opportunity for all. But he also warned the World Economic forum in the north east chinese City Of Dalian that fairness is essential or else people will feel left behind. A quick look at how markets are faring. Slightly softer start to the beginning of the trading day across the main european indexes. And now lets get the inside track on a subject that will be music to every parents ear that is, being able to keep their kids occupied and engaged. Well, our next company does just that with their range of unique Activity Backpacks for children. Founded in 2009 by two Working Mums Gill Hayward and kellie forbes, yuubag has a simple concept. They sell backpacks which transform into a portable Entertainment System with a foldable desk. The bags are sold over the world. The company is now crowdfunding a new tech enabled bag which will have wi fi and gps. With me is gill hayward, co founder and director of yuu, a company that designs and produces a range of unique Activity Backpacks for children. We have seen Briefly Images of the bag. Weve got one here. This is the tech bag. It is, indeed. Quickly, it unzips. This comes down like a desk. There is lots of pockets. Lots of places for them to put their secret things and its easy for the kids to carry. Its lightweight. You started off with a bag that wasnt tech enabled. Youre crowdfunding for one that is. Explain to us how the Crowdfunding Process Works . As a Small Business there are two challenges, resource and raising finance to bring the products to market. We have decided to reach out it our customers and supporters and help them crowdfund our new product. There is equity which were not in this game or there is product raised crowdfunding. We are trying to bring the product to market with the help of people who pre order in return for large discounts. They will buy the bag at a cheaper price and get it in nine months . Less than that. Because were a childrens product, christmas is everything to us. Were crowdfunding now so we can deliver the product to market in time for november and december so santa can deliver. Isnt the challenge trying to get kids away from tablets and smartphones. Surely thats what they wa nt to smartphones. Surely thats what they want to be playing with and thats what you see a lot of parents using to keep them entertained . M what you see a lot of parents using to keep them entertained . It is important that children can balance tech play and active play. When we designed the original range of products it was about did z kids being able to get out and about and do all the things they want to do with the entertainment on their back. We have snakes and ladders, pencils, pence and drawing and the kids love that as much, but they will spend time on screens. And we recognise that its important now that the children can engage in tech ina more that the children can engage in tech in a more positive way. One of the reasons we created the gps tracker bag was that children could track through as an add havent turer and see where they have gone and count their steps and journeys and for pa rents their steps and journeys and f