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

China’s noblesse oblige

  • 3 March 2015
  • From the section Business
Prada store in central Beijing
Are China's new super-rich resented by its new middle class?

A record 290 new billionaires have joined the ranks of the richest in the world, leading the Forbes rich list to register a record 1,826 of the wealthiest people in the world.

Of these, a quarter of the newcomers were from China and a record number of young billionaires were added (46 billionaires are under the age of 40).

They are predominately in the tech sphere, which produced not only wealth for the under-40s, but also propelled Alibaba's Jack Ma to rank as China's second richest man after his e-commerce firm's record IPO.

But it was the continued reign at the top of the list by Wang Jianlin, who retained the title of China's richest man, that signalled that in China, the most money is still made through the traditional industries of property and entertainment.

I sat down with Wang Jianlin for an exclusive broadcast interview in Shanghai. I asked him about whether there was resentment against the rapid increase of the number of the super-rich in China.

Read full article China’s noblesse oblige

The Bank of England's theory of everything

  • 25 February 2015
  • From the section Business
Mark Carney
Bank of England governor Mark Carney has more than just interest rates to worry about

It is not quite astrophysics, but monetary policy is undergoing a radical rethink.

Setting interest rates is not the only thing the Bank of England focuses on anymore. But what does the newly expanded powers of the central bank mean for rates?

Read full article The Bank of England's theory of everything

The UK's productivity puzzle

  • 24 February 2015
  • From the section Business
Car manufacturing at Nissan in the UK
Unlike previous recessions, productivity hasn't picked up during the recovery

Raising UK living standards depends on raising productivity, but how?

That was the verdict of the OECD, which highlights one of the biggest puzzles of this recovery. Output has finally recovered; employment recovered first; but wage growth has not and that is related to productivity.

Read full article The UK's productivity puzzle

A Greek deal - for now

  • 20 February 2015
  • From the section Business
Anti-austerity graffiti on an Athens street
Anti-austerity graffiti on an Athens street

The Eurogroup has agreed a deal with Greece to extend its bailout past 28 February, when the rescued country faced the prospect of not having a financial backstop while it remains still shut out of debt markets.

But, as always, the devil is in the detail.

Read full article A Greek deal - for now

UK manufacturing: Time to be upbeat?

  • 19 February 2015
  • From the section Business
landrover

Is it time to be upbeat about UK manufacturing?

That's the takeaway from two reports today from the CBI and the Society for Motor Manufacturers and Traders (SMMT).

Read full article UK manufacturing: Time to be upbeat?

The return of the 'Made in America' label?

  • 19 February 2015
  • From the section Business

Is American manufacturing undergoing a renaissance? Manufacturing jobs have come back in force, and advanced industries are leading the US recovery, according to the Brookings Institution.

Since 2010, nearly 800,000 manufacturing jobs have been created, reversing a decade-long trend where the industry lost a staggering one-third of its workers. I went to the US to find out if there was a revival of "Made in America".

Read full article The return of the 'Made in America' label?

Can de-industrialisation be reversed?

  • 16 February 2015
  • From the section Business
man in car factory
For advanced economies manufacturing tends to become less important

A new study from the Brookings Institution argues that American prosperity is being driven by advanced industries. It raises the question as to whether de-industrialisation can be reversed.

It's a refrain that has been heard frequently in the US and the UK after the financial crisis: there's a desire to rebalance the economy away from banking and towards making things once again.

Read full article Can de-industrialisation be reversed?

Enriching the rich in the US - but what about the rest?

  • 13 February 2015
  • From the section Business
Homeless man in New York, 4 Feb 2015

Has the land of opportunity created a society of haves and have-nots? Is the US economy now just enriching the rich? Inequality has been noticeable since the recession, but the income gap has been growing for decades.

During the economic boom of the 1950s in the United States, the top 1% gained a bit more than the rest - grabbing some 5% of the incomes gained during expansions.

Read full article Enriching the rich in the US - but what about the rest?

China bank reserve cut deepens divergence

  • 4 February 2015
  • From the section Business
A clerk counts Chinese currency

China has just cut its reserve ratio requirement (RRR) - the amount of cash banks have to hold as reserves - by 0.5% to 19.5%, in the first industry-wide move since 2012.

This follows cuts in its benchmark interest rates in November, which was also the first cut since 2012.

Read full article China bank reserve cut deepens divergence

Can Denmark succeed where Switzerland failed?

  • 3 February 2015
  • From the section Business
Danish krone notes

Denmark has the last strict euro peg after the Swiss abandoned its franc cap last month.

Denmark has certainly taken some unusual steps to defend the krone. It surprisingly suspended sales of all government debt to close down an avenue for investors to buy its currency.

Read full article Can Denmark succeed where Switzerland failed?

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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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