Baidu Inc. Chairman Robin Li, China’s third-richest man, and Yu Zhengsheng, No.
Baidu Inc. Chairman Robin Li, China’s third-richest man, and Yu Zhengsheng, No. 4 in the Communist Party hierarchy, were named to the country’s top political advisory body as a new generation of leaders prepares for power.
Yu, former Communist Party secretary of Shanghai, is the only member of the Politburo’s seven-man standing committee to be appointed as one of the 2,237 members of the National Committee of the Chinese People’s Political Consultative Conference, indicating he will replace Jia Qinglin as chairman of the body next month.
The new list of members was published yesterday by the official Xinhua News Agency as the nation prepares to hold its annual session of parliament next month that will complete a once-a-decade leadership transfer. Xi Jinping, who took over from Hu Jintao as general secretary of the Communist Party in November, is set to consolidate his power by taking over as president while Li Keqiang, No. 2 in the party hierarchy, will replace Wen Jiabao as premier.