Chinese Premier Li Keqiang was re-elected for a second five-year term by the National People's Congress on Sunday, although it is believed that he will have less influence within the government as President Xi Jinping moves to bolster his influence at home and abroad.

Xi confidant Wang Qishan, who was appointed vice president by the country's largely rubber-stamp parliament Saturday, is expected to take charge of various economic matters, an area that has traditionally been the purview of the premier.

Li has at times managed economic policies but his influence in that field is likely to decrease with the appointment of Wang as vice president.