Xi formally elected Chinese president

Xi Jinping was named China's president Thursday by the country's parliament, one of the final steps in China's once-in-a-decade leadership change. Four months after taking over as General Secretary of the Communist Party, Xi replaces outgoing leader Hu Jintao after a formal vote of about 3,000 deputies at the National People's Congress (NPC). Read more Raised by elite, steeled by turmoil