Transition time
China has now completed the second smooth leadership transition in its modern history, with Xi Jinping assuming the role of president - he had already been named to the arguably more important posts of chairman of the Central Military Commission and general secretary of the Communist Party - while Li Keqiang took over as premier.
While there was never any doubt that the National People's Congress, frequently described in Western media as China's Potemkin parliament, would endorse Xi, his resounding confirmation was greeted by investors...
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