Beijing: Chinese Premier Li Keqiang is at the helm of managing the country’s economy for a decade. Li Keqiang, said Friday that he will be stepping down this year. His retirement will set in motion the once-in-a-decade sweeping leadership change in the Communist country.
Barring President Xi Jinping, who has emerged as the most powerful Chinese leader after the ruling Communist Party of China (CPC) founder Mao Zedong, the rest of the leadership of the party and the government is expected to undergo a change.
“This is my last year as a Premier,” Li, 66, the second ranking leader of the CPC after Xi, said. He made the announcement while answering a question on the economy. At the end of his last press conference, Li left with a wave and a simple ‘thank you, everybody’. He did not give any farewell message.
Li was groomed into various leadership positions by the previous President Hu Jintao. He had settled for the second rank in the party as 68-year-old Xi emerged victorious in the race for the leadership in the CPC Party Congress in 2012. While Xi was the vice-president in the previous regime, Li was the vice-premier.
But since his emergence as the General Secretary of the party, Xi moved up at a breakneck speed. He consolidated his power base after Hu handed over the powerful position of Chairman of the Central Military Commission (CMC), the overall high-command of the Chinese military.
Since then, Xi, commencing his tenure as President, head of the party and the military, strengthened his leadership position first with his sweeping anti-corruption campaign in which over a million officials, including several top generals of the military, were punished.
As Xi consolidated his power, emerging in the process as a ‘core’ leader on par with Mao, Premier Li, known for his simple life-style and outspoken manner in his official work, mostly confined himself to the management of the economy, hit hard by the Covid-19 -19 pandemic.
Under Li’s watch, China’s economy more than doubled from 51.9 trillion yuan (USD 8.5 trillion) in 2012 to 114.4 trillion yuan (USD 17.7 trillion) in 2021.
After the once-every-five-years Party Congress is expected to be held later this year, China will have a new leadership at all levels, including a new Foreign Minister, replacing the incumbent Wang Yi, who is also China’s Special Representative on the India-China Boundary issue.
Xi is widely expected to continue in power for an unprecedented third term and may have a lifelong tenure like Mao.
All Xi’s predecessors retired after two five-year-terms. They adhered to the norm set by Mao’s successor Deng Xiaoping to avert domination by one leader. It was also done to facilitate a new generation of leaders to lead the party.
Li joined the CPC in May 1976. He is a graduate of Peking University’s Law Department where he earned a Bachelor of Law degree, and of the university’s School of Economics where he completed an in-service graduate program in economics and was awarded a Doctor of Economics degree, according to the state-run Xinhua news agency.
Li is currently a member of the Standing Committee of the 19th CPC Central Committee Political Bureau, Premier of the State Council, and Secretary of its Leading Party Members Group.