Hu Jintao re-elected as General Secretary of the Central Committee and Chairman of the CPC Central Military Commission on 22 October 2007. At the 11th National People's Congress, Hu was re-elected as President on 15 March 2008. He was also re-elected as Chairman of the PRC Central Military Commission. "Newsweek" named Hu the second most powerful person in the world, referring to him as "the man behind the wheel of the world's most supercharged economy." "Forbes" also named him the second most powerful person in the world. Hu was named the 2010 World's Most Powerful Person by "Forbes Magazine". Hu was listed
Hu Jintao counterpart Ma Ying-jeou agreed that the 1992 Consensus is the basis for negotiations between the two sides of the Taiwan strait. On 26 March 2008, Hu Jintao held a telephone talk with then US President George W. Bush, in which he became the first Chinese leader to officially recognize the 1992 Consensus. After several months of negotiations, in December 2008, the two sides agreed on the resumption of the Three Links, i.e., a re-opening of mail, trade, and direct air links between the two sides. Relations have been cordial since between the two sides, and trade increased immensely, culminating in