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China

Inside this issue

• Fears of inflation are exaggerated

• Beijing’s relationship with the provinces is as shaky as ever

• The environment shows shocking levels of pollution - -

Content

Audio: In Discussion with Martin Wolf and Quentin Peel

Martin Wolf, the FT’s chief economic commentator, talks about the Chinese economy with Quentin Peel, international affairs commentator

An intimidating but brittle colossus

Richard McGregor on a nation that is now the world’s motor for growth

Perspective: A 21st century narrative with many contradictions

Lionel Barber considers the transformation of a country he last visited in 1999

Economy: Inflation is not the big threat to stability

Martin Wolf finds alarmist arguments unconvincing

In need of a clear map charting a way to democracy

Lifen Zhang interviews Hong Kong’s last governor on the 10th anniversary of the territory’s return to Chinese sovereignty

Banking: The short road back from bankruptcy

Jamil Anderlini on the changed fortunes of a sector saddled with debt

The centre and the provinces: An enduring dysfunctional relationship

Beijing policies are frequently ignored, says Victor Mallet

Environment: Devastating price to pay for rampant growth

Jamil Anderlini on why the government has ignored pollution

Politics: Ritual secrecy shrouds party Congress

Richard McGregor looks for clues to the leadership succession

Stock market: Worries surface about a potential bubble

After languishing for half a decade, shares have soared, writes Geoff Dyer

Private equity: Central government puts money where its mouth is

The Olympics: Cultivating a positive image

National sport system: Going for a crop of golds

Innovation: Research and development is slow to grow

Product safety: A big crisis of confidence

Who’s who: Meet modern China’s leading lights

The car market: In need of economies of scale

Shenhua Group: A pivotal position in the energy industry