Hu defends Beijing’s currency policy
Hu Jintao, China’s president, defended Beijing’s currency policy, telling a business audience in Washington that the Chinese economy had helped create 14m jobs around the world through its growing imports
A new FT series examines the growing influence of China and its impact on economies and markets around the globe. FT correspondents on five continents write about the financial, military, diplomatic and cultural dimensions of the country’s rise, with video reports and interactive graphics.

Chinese state-owned infrastructure group’s most crucial role is overseas, but it has found itself exposed to unknown diplomatic and security risks
Beijing says US must stop applying ‘countervailing duties’, used to restrict imports deemed to be state-subsidised, on Chinese imports
Shares plunge as investors worry over the mainland’s slowdown, threatening to dampen the success of the Chinese territory’s gaming industry
Boeing said China would add 5,000 commercial aircraft worth $600bn by 2030, while Airbus said the country would need more than 4,000
Chinese GDP annualised second quarter growth is 9.5 per cent – its slowest in nearly two years – as moves to cool growth took effect
Hu Jintao, China’s president, defended Beijing’s currency policy, telling a business audience in Washington that the Chinese economy had helped create 14m jobs around the world through its growing imports
Concerns about overheating in China mounted after the economy grew faster than expected at the end of last year, and Guangdong province raised its minimum wage for the second time in under a year
China is the world’s largest energy consumer and accounts for half of the world’s growth in oil demand – even though its per capita use is less than one-third of the US
Despite China’s large-scale investment in the country, many workers there are openly hostile towards employers they accuse of ignoring the law and paying low wages
The magnitude of China’s investments in the Andean nation’s $127bn economy is raising concerns among environmental and human rights activists
President Barack Obama warned Beijing that its prosperity has been based on free trade and the stability provided by the presence of the US military in Asia even as he lauded China’s success
Beijing has launched an advertisement on the giant screens of New York’s Times Square to coincide with a state visit by Hu Jintao
The volume of overseas loans by two banks indicates how Beijing is forging new patterns of globalisation, as part of a push to scale back dependency on western export markets
For Robert Gates, US defence secretary, China’s build-up of its military is, in one respect, more alarming than the cold war stand-off with the Soviet Union
In spite of its controls on the media, the Chinese government’s spin control is having the opposite effect
China has built up a staggering amount of foreign exchange reserves. At last count they stood at $2,850bn, more than double those of Japan, which has the world’s second largest forex reserve. Track the changes China’s foreign exchange holdings since 1991, and compare them with other countries in Asia and beyond

Since a new round of economic reforms was launched in 1992, China has become a crucial trading partner for many countries across the globe. We highlight 43 developed and developing economies, showing how China’s share of each country’s foreign trade has increased over the past two decades
Beijing’s leadership contest is not only more dramatic than the eccentric Republican primary, it matters more, writes John Gapper
Washington needs a new way of negotiating with Beijing that abandons the cycle of promises made and broken, writes Michael Wessel
Beijing does not need devaluation, to let the renminbi appreciate, while directing fiscal stimulus towards households, will be better
Infrastructure spending is an important way to boost consumption and it also acts as a spur to economic growth, writes Lou Jiwei
China has stirred from its slumbers and the US now has a significant rival, if not yet globally, then certainly in Asia, writes David Pilling
Beijing’s assertive policing of its sphere of influence is fuelling fears of a growing hold over foreign policy of a hawkish and increasingly well-equipped army
Was Bush’s response a costly and disproportionate diversion of attention and resources at a time when the world was being reshaped by the rise of powerful new actors, notably China? asks Lionel Barber
As domestic groups win market share in China and cities deep in the interior become ever more important sources of revenue, multinationals face growing problems
The property boom that has accompanied industrialisation is promoting social mobility on a massive scale but also presents Beijing with a significant future threat to political stability
Having come to power by virtue of two revolutions, the party wants the idea of overthrows consigned to the dustbin of history, writes David Pilling