jairamesh Posted November 15, 2012 Posted November 15, 2012 Forget the razzmatazz election of Obama, the more significant politcal change over the last week has been happening in the China. A conservative 7 member Politburo has been selected to lead China in the next 10 years, and will be at the helm as China surpass the US as the world's biggest Economy. http://www.thehindu.com/news/international/china-unveils-new-leadership-concluding-transition/article4097385.ece?homepage=true Xi Jinping, the 59-year-old "princeling" son of a former Politburo member and Vice Premier, was on Thursday unveiled as the new General Secretary of the Communist Party of China (CPC). Mr Xi and six other top leaders who will constitute the Party's highest body - the Politburo Standing Committee - were presented as the faces of the party's new generation of leaders, marking an end to a once in ten year transition process. The CPC has reduced the size of its elite inner circle from nine to seven, underscoring long-discussed moves, analysts said, to make the top body more efficient and less driven by competing factional interests. The composition of the new PBSC was along expected lines, filled by officials close to former leader Jiang Zemin and outgoing General Secretary Hu Jintao, reflecting the continuing influence the two leaders are expected to wield from behind the scenes even as Mr. Xi looks to make his mark. Mr. Hu will continue serving as President until March. Mr. Xi was flanked by second-ranked Li Keqiang (57), who will take over as Premier in March when Wen Jiabao will step down. The other members of the party's inner circle, in order of rank, are: Zhang Dejiang (66), the Chongqing Party Secretary; Yu Zhengsheng (67), the Shanghai Party Secretary; Liu Yunshan (65), a senior propaganda official; Wang Qishan (64), a Vice Premier in charge of economic affairs; and Zhang Gaoli (66) the Party Secretary in Tianjin.
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