China's old guard bows out: Xi all set to become President
China's old guard led by President
Hu Jintao today bowed out of power after highlighting the
communist giant's rise as a world power during their decade
long rule, paving the way for new leader Xi Jinping to assume
charge of the world's second largest economy.
Premier Wen Jiabao, who along with Hu steered China for
the last 10 years, made his final bow before the 3,000 strong
National People's Congress (NPC) after presenting a lengthy
work report listing out achievements of his era, especially
the nation's emergence as the world's second largest economy
over taking Japan in 2011.
The NPC began its two-week long session here today during
which the new leaders will take over reins from the outgoing
leadership headed by Hu in what was regarded as a smooth power
transfer considering speculation about the factionalism in the
Communist Party of China (CPC).
Wen's 29-page report mainly focussed on achievements like
creating vast infrastructure with dozens of airports,
thousands of kilometres of roads and high speed trains besides
all round development of the world's most populous country.
But at the same time, the 70-year-old leader, who last
year refuted allegations of his family accumulating USD 2.7
billion assets, called for unwavering efforts to combat
corruption, excessive concentration power and strengthening of
political integrity.
He also spoke about problems China faced, prominent of
which is the "unbalanced, uncoordinated and unsustainable
development".
Watched by 70-year-old Hu, Xi and other top leaders of
the Party, Wen spoke of growing disparities between rich and
poor and development gap between regions, potential risks in
the financial sector and conflict between industrial
development and environmental protection.
The NPC is set to formally elect 59-year-old Xi as
President, 57-year-old Li Keqiang as Premier and other top
leaders, names of which have already been finalised by the
ruling CPC in its Plenum.
The NPC will also approve a government institutional
reform plan
China's old guard led by President
Hu Jintao today bowed out of power after highlighting the
communist giant's rise as a world power during their decade
long rule, paving the way for new leader Xi Jinping to assume
charge of the world's second largest economy.
Premier Wen Jiabao, who along with Hu steered China for
the last 10 years, made his final bow before the 3,000 strong
National People's Congress (NPC) after presenting a lengthy
work report listing out achievements of his era, especially
the nation's emergence as the world's second largest economy
over taking Japan in 2011.
The NPC began its two-week long session here today during
which the new leaders will take over reins from the outgoing
leadership headed by Hu in what was regarded as a smooth power
transfer considering speculation about the factionalism in the
Communist Party of China (CPC).
Wen's 29-page report mainly focussed on achievements like
creating vast infrastructure with dozens of airports,
thousands of kilometres of roads and high speed trains besides
all round development of the world's most populous country.
But at the same time, the 70-year-old leader, who last
year refuted allegations of his family accumulating USD 2.7
billion assets, called for unwavering efforts to combat
corruption, excessive concentration power and strengthening of
political integrity.
He also spoke about problems China faced, prominent of
which is the "unbalanced, uncoordinated and unsustainable
development".
Watched by 70-year-old Hu, Xi and other top leaders of
the Party, Wen spoke of growing disparities between rich and
poor and development gap between regions, potential risks in
the financial sector and conflict between industrial
development and environmental protection.
The NPC is set to formally elect 59-year-old Xi as
President, 57-year-old Li Keqiang as Premier and other top
leaders, names of which have already been finalised by the
ruling CPC in its Plenum.
The NPC will also approve a government institutional
reform plan
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