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On November 15, 2012, Xi Jinping was named the general secretary of China's Communist Party Central Committee, succeeding the incumbent President Hu Jintao. Xi will formally take over as the PRC head of state in March 2013 at about the same time Li Keqiang will replace Wen Jiabao as Premier of the State Council of the PRC. On Thursday, November 15, the newly elected Central Committee of the Communist Party of China met to select a new Politburo and elect a Politburo Standing Committee - China's most powerful body. He is also the Chairman of the Party Central Military Commission, and Vice President of the People's Republic of China, apart from being the Vice Chairman of the PRC Central Military Commission. Xi is the President of the Central Party School and is the first-ranked member of the Politburo Standing Committee (PSC).

Xi is likely to serve a five-year term. The Organization for Economic Co-operation and Development (OECD) predicts that Chinese economy will overtake that of the US by 2016 and Xi's leadership is likely to play a crucial role in this era of transition.

The son of an erstwhile Communist Party member, Xi studied chemical engineering at the Tsinghua University from 1975 to 1979. he has served as secretary to vice premier and Central Military Commission secretary-general, Geng Biao. Xi, 59, is married to the famous Chinese People's Liberation Army singer, Peng Liyuan.

"First, China does not export revolution; second, China doesn't export hunger and poverty; third, China doesn't come and cause you any headaches. Just what else do you want?" said Xi Jinping about China's growing clout.

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