Economics

China's Leaders: Who Holds the Real Power?

The 7- to 9-member Politburo Standing Committee is chosen in secret. Here are the candidates
President-in-waiting Xi JinpingPhotograph by Lan Hongguang/Xinhua/ZUMA Press

Sometime in the next few weeks, the Chinese Communist Party will likely convene its Party Congress, which meets every five years to set major policies and choose its Central Committee of about 370 members. This year a major leadership change will take place. China watchers are scrutinizing the personality and goals of Vice President Xi JinpingBloomberg Terminal, who’s almost certain to become the country’s next party secretary, president, and, at some point, head of the military. Analyzing Xi is crucial—especially given his recent, mysterious two-week absence from public view. (He’s since been seen in good health at various functions.)

When he assumes the presidency in March, Xi will not rule alone. He’s a member of the Standing Committee of the Politburo, the country’s top leadership body. “The No. 1 leader has some initiative and power. But he is a first among equals and has a lot of restraints,” says Cheng Li, a senior fellow at the Brookings Institution and an expert on the politics of China’s elite. “Their power is far less than the power of the U.S. president.”