The Chinese Communist Party named its newest leaders yesterday, including the man favored to succeed current president Hu Jintao, reports the Washington Post. Xi Jinping, 54, is the son of a Chinese guerrilla leader who rose to the top of the Shanghai branch of the Communist Party, making him a "princeling" son of the revolutionary generation. Xi, who has a phD in economics, was ranked highest of four new members; Li Keqiang, 52, is considered another contender for the top spot.
Both Xi and Li—the youngest of the new Politburo crop—are experienced bureaucrats with a reputation for caution. Their ascension is seen as a signal that the party wants to stay the course set by Hu: cautious economic reforms combined with the party's continuing monopoly on political power.