Linda Yueh

Linda Yueh Chief business correspondent

Welcome to Linda's Line – where I analyse key developments in global business and the world economy and how these affect our everyday lives

Rule of law v rule of Party

  • 24 October 2014
  • From the section Business
Plaques of Chinese leaders
China's legal system is not independent and its lawmakers are part of the body that governs China

Reforming the rule of law is the aim of the secretive Fourth Plenum that has just taken place in Beijing. It's otherwise known as the annual exercise in rune-reading of what the top Chinese leaders are planning.

As disclosed through various state media announcements since this summer, China wants to overhaul its massive legal system with 200,000 judges, 3,500 courts, but zero independence.

And that's the key.

Through a long history that pre-dates the Communist Party rule but has been reinforced by it since 1949, China's judiciary is not independent and its judges are part of the administrative apparatus that governs China.

But having an effective rule of law requires independent judges who stand apart from the government that they have to be able to hold to account.

Read full article Rule of law v rule of Party

Softening China's growth target

  • 21 October 2014
  • From the section Business
A man stands in Tiananmen Square (20 Oct 2014)
China's economic growth slowed to its lowest in more than five years in the third quarter

China's Premier Li Keqiang, Finance Minister Lou Jiwei and others have laid the groundwork over the past year to soften the growth target for GDP that has been in place since the first Five Year Plan under central planning over half a century ago.

While reiterating that the government's growth target of 7.5% can be met, the phrase "around" has been added to the target in various speeches and a range of 7.2-7.3% growth has been mentioned as being sufficient to meet the goal of creating jobs.

Read full article Softening China's growth target

Can Huawei become China's first global brand?

  • 17 October 2014
  • From the section Business
Huawei logo

Chinese goods are everywhere it seems. But few are name brands and most are associated with being cheap consumer electronics or white goods.

But one company is seeking to change that. Huawei may not be a name that many people in the West are familiar with, but that could be about to change.

Read full article Can Huawei become China's first global brand?

Huawei boss says US ban 'not very important'

  • 16 October 2014
  • From the section Business

The boss of the world's largest telecommunications company, Huawei, says that he is confident of realising the group's global ambitions even without the US market.

The Chinese firm is banned from bidding for US government contracts because of concerns over espionage.

Read full article Huawei boss says US ban 'not very important'

Renewed deflation worries

  • 15 October 2014
  • From the section Business
Dollar bills of various currencies

Inflation is nearly at five-year lows in major economies. In other words, price rises are as weak as during the global recession. It doesn't mean that we are returning to recession, but it raises the danger of deflation once again.

When prices fall, it can be hard to get out of a deflationary trap, as has been seen in Japan which has coped with deflation for more than 15 years. It's because consumers put off purchases if they think that prices will be cheaper in the future.

Read full article Renewed deflation worries

Regulation and the Nobel Prize in economics

  • 14 October 2014
  • From the section Business
Jean Tirole

Regulation is not the flashiest subject, but the highest prize in economics has been awarded to Jean Tirole of the University of Toulouse for his work that has deepened our understanding as to how to regulate powerful firms.

When I was a graduate student in economics, one of the primary texts was Jean Tirole's - The Theory of Industrial Organisation. I pulled it off the shelf again when Tirole was announced as the latest recipient of the economics Nobel Prize.

Read full article Regulation and the Nobel Prize in economics

Why is Britain issuing debt denominated in renminbi?

  • 9 October 2014
  • From the section Business
Chinese currency

Britain is in the process of issuing a government bond denominated in the Chinese renminbi (RMB), making it the first country (aside from China, of course) in the world to do so.

It's not unheard of to issue sovereign debt in a foreign currency, but what makes it somewhat unusual is that the RMB isn't freely tradable or convertible despite being the currency of the world's second largest economy. However, that's changing as the offshore market for RMB develops and the currency has already quickly jumped into the top 10 of the most used currencies in the world.

Read full article Why is Britain issuing debt denominated in renminbi?

Is Hong Kong's future as a financial centre threatened?

  • 29 September 2014
  • From the section Business
Hong Kong protesters

Extraordinary scenes over the weekend showed the scale of protests in Hong Kong as students and the organisers of the Occupy movement called for democracy.

Stocks are down in Hong Kong, but the last time I checked, other markets are largely unaffected.

Read full article Is Hong Kong's future as a financial centre threatened?

How do you make (or lose) money in Formula One?

  • 29 September 2014
  • From the section Economy

The Lotus Formula One Team is a big operation. Based in Oxfordshire, UK, it employs over 400 people.

The annual budget for competing in the 19 races on the F1 calendar is around $200 million (£130 million) to put 2 cars on the track.

Read full article How do you make (or lose) money in Formula One?

Is the smartphone market approaching maturity?

  • 24 September 2014
  • From the section Business
Various smartphone models
Smartphone makers from China and India are edging out market leaders Apple and Samsung

Apple has announced that the opening weekend sales of its new iPhone 6 were 10 million units. This is twice as many as the iPhone 5S achieved on its opening weekend last year.

Later this week, the iPhone 6 will be launched in a further 20 countries and will be available in 115 countries by the end of the year.

Read full article Is the smartphone market approaching maturity?

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About Linda

As chief business correspondent, Linda focuses on the changing nature of global business and how it affects our everyday lives. She is the presenter of Talking Business with Linda Yueh on BBC World News. She is particularly interested in the emergence of China as the world's second largest economy, and unlocking what it means for the global economy. She travels globally to uncover new perspectives.

Linda has maintained her academic links as a fellow of St Edmund Hall, University of Oxford, as an adjunct professor at London Business School, and as a visiting professor at Peking University. She was previously economics editor at Bloomberg TV and a corporate lawyer resident in New York, Beijing and Hong Kong. She is also the author of several books.

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