China’s parliament has elected Li Keqiang as premier, as the country’s Communist Party nears the final stages of its once-a-decade transition of power.

As expected, the National People’s Congress on Friday overwhelmingly selected the English-speaking Li to replace Wen Jiabao.

The parliament, which reflexively endorses the decisions of the Communist Party, named Xi Jinping as president a day earlier, in a formality that completes his rise to power.

Since attaining the top spots in … [Read More]

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Source: VOA News: Economy and Finance