China is now in the final stage of preparation for its leadership transition, as the once-every-five-years national congress of the Chinese Communist Party (CCP) is in session with some 2,300 delegates attending.

Under outgoing President Hu Jintao, who led China for the past 10 years, the country has achieved rapid economic growth, surpassing Japan in 2010 to become the world’s No. 2 economy. During Mr. Hu’ tenure, China’s economy grew nearly four times in size and its per capita gross domestic product in 2010 was 3.2 times the 2002 figure. Current per capita GDP is estimated at $5,000. This is a great achievement.

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