China confirms Li Keqiang as Premier

China's leaders have named Li Keqiang premier, placing him at the helm of the world's second-largest economy.

Mr Li, who already holds the number two spot in the Communist Party, takes over from Wen Jiabao.

Mr Li was elected for a five-year term but, like his predecessor, would be expected to spend a decade in office.

On Thursday, Xi Jinping was confirmed by legislators as the new president, completing the transition of power from Hu Jintao.

Li Keqiang's widely-signalled elevation was confirmed by 3,000 legislators at the National People's Congress, the annual parliament session, in Beijing. He received 2,940 votes to three, with six abstentions.