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China's Xi Jinping Set to Take Formal Title of President

Chinese Communist Party chief Xi Jinping is expected to take the official title of president Thursday, in a formality that will complete his rise to power.

Xi will be given the largely symbolic position following an elaborate voting ceremony at a meeting of the National People's Congress. He already took over the more important posts of party secretary-general and head of China's top military body in November.

The 59-year-old is replacing Hu Jintao as part of a tightly managed power transfer that takes place every 10 years. Li Keqiang is expected to take over the position of prime minister at a ceremony on Friday.

Xi has vowed to revamp China's economy, reduce pollution and crack down on widespread corruption in the party ranks.

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US Secretary of State John Kerry (L) gestures waiting for the opening of a plenary session with P5+1 ministers, European Union and Iranian minister on Iran nuclear talks at the Beau Rivage Palace Hotel in Lausanne, Switzerland, March 31, 2015.

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