Li Keqiang, China’s new PM

CHINA: China’s parliament installed bureaucrat Li Keqiang as premier Friday, putting him in charge of running the world's second-largest economy in one of the final steps of a landmark power transition.

Li, who is expected to be in office for a decade, faces the challenge of steering the country towards more balanced development, with domestic consumption by a larger middle class playing a greater role.

“I announce that comrade Li Keqiang has been chosen as premier of the People's Republic of China,” said Yan Junqi, a vice-chairwoman of the National People's Congress (NPC), China's rubberstamp parliament.

AFP