As the world’s most populous nation unveils its new leadership, China’s political masters now face the unenviable task of addressing a slowing economy, rampant corruption, environmental pollution and deteriorating relations with some of its neighbours. The FT’s Beijing correspondents outline some of the challenges faced by China’s new generation of political leaders.

Xi Jinping is to take the reins of China’s all-powerful Communist Party in a leadership transition that will put him in charge of the world’s number-two economy for the next decade. Xi, the current vice president and successor to President Hu Jintao, assumes power at an uncertain time with the party facing urgent calls to clean its ranks of corruption and overhaul …

U2’s Bono sits down with World Bank President Jim Young Kim to talk about what’s needed to end poverty. Bono estimates that the billions of dollars of tax hikes and potential funding cuts in the US could affect  275,000 people and lead to around 65,000 deaths.  The figures come from the American Foundation for AIDS Research. Bono said based on …