President Xi Jinping is congratulated by his predecessor Hu Jintao after his election at the fourth plenary meeting of the first session of the 12th National People's Congress on Thursday in Beijing. Wu Zhiyi / China Daily
A handshake signaled the passing of the baton and start of a new era for the world's most populous country. The people of China saw their new head of state elected on Thursday, carrying the dreams and aspirations of about 20 percent of the world's population on his shoulders. Xi Jinping, leader of the Communist Party of China, was elected president by nearly 3,000 deputies to the National People's Congress at a plenary meeting in Beijing. After the election result was announced, Xi stood up, acknowledged the thunderous applause and bowed to the deputies in the Great Hall of the People.
After leaving his post as the central government's representative in Hong Kong, Peng Qinghua was given a challenging job - leading 51 million people in the Guangxi Zhuang autonomous region to prosperity by 2020.
Zhang DejiangChairman of the Standing Committee of the National People's Congress
On a sunny afternoon, Zhang Qiang took a walk along the dirt road leading to the home of a villager who lives in a cave-house scooped out of the yellow hills of Liangjiahe village in Shaanxi province. "Xi Jinping probably walked along this same road when he was Party chief here," said Zhang, referring to the newly elected president, who took the reins of power on Thursday.
Much of the hype surrounding last month's meeting of the G20 finance ministers and central bankers in Moscow was dedicated to so-called currency wars. But the crucial issue of long-term investment financing was largely neglected, even though the endgame for the unconventional monetary policies introduced by some advanced economies will require the revitalization or creation of new long-term assets and liabilities in the global economy.
The Pentagon is seeking support from mass media and public opinion to avoid a budget cut in US cyberforces, and resorting to cyberthreats as a "cover" to actually boost investment in the sector, experts said in Beijng.
Japan will give a higher priority to the establishment of a free trade area between the country, China and South Korea than discussions surrounding the Trans-Pacific Partnership Agreement, or TPP, a Japanese trade official said on Thursday.
Fixed asset investment in China's railways rose 25.7 percent year-on-year to 37.63 billion yuan ($6 billion) in the first two months of the year, the railways authority said on Thursday.
As two of the most traditional and intriguing themes in visual art history, portraits and interiors are still produced to an exacting standard by inheritors from different countries.
Lewis Hamilton is shaping as a wildcard challenger to Sebastian Vettel as the German embarks on his bid for a historic fourth straight Formula One title at this week's Australian Grand Prix. Hamilton, the 2008 world champion, and new Mercedes teammate Nico Rosberg were the best performers in winter testing, giving the German marque hope as it bids to gatecrash the F1 cartel of Red Bull, Ferrari and McLaren.
Widely known as China's answer to Silicon Valley, Zhongguancun in Beijing has played a crucial role in supporting the local economy while providing the research that drives the nation's high-tech industries.
Foshan made a good start last year on its three-year master plan to modernize the city's industrial chain by securing a large number of investment projects.
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