Baidu Founder Li and Politburo’s Yu Join Top China Advisory Body
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Baidu Inc. Chairman Robin Li, China’s third-richest man, and Yu Zhengsheng, No. 4 in the Communist Party hierarchy, were named to the country’s top political advisory body as a new generation of leaders prepares for power.
Yu is the only member of the Politburo’s seven-man standing committee to be appointed as one of the 2,237 members of the National Committee of the Chinese People’s Political Consultative Conference, indicating he will replace Jia Qinglin as chairman of the body next month. Delegates are usually appointed for a five-year term.