China, with its 1.3 billion people, completes its second orderly leadership transition in more than six decades of the Chinese Communist Party. On Thursday, Nov. 15, President Hu Jintao hands the reins of power to Xi Jinping, who will guide China in the next decade. The leadership transition begins with the unveiling of a new Politburo Standing Committee, the nation's top decision-making body Thursday. Xi will consolidate his position when he is named China's president by the rubber-stamp legislature next March, expected to be for 2 five-year terms. His main challenges include growing the economy during a period of uncertainty globally and dealing with corruption issues that have plagued China's leadership.