Hu Jintao the two sides. A series of historic meetings between the CPC and KMT have followed. On 12 April 2008, Hu Jintao met with Taiwan's Vice President-elect Vincent Siew in the latter's role as chairman of the Cross-strait Common Market Foundation during the Boao Forum for Asia. On 28 May 2008, Hu met with KMT chairman Wu Poh-hsiung, the first meeting between the heads of the CPC and the KMT as ruling parties. During this meeting, Hu and Wu agreed that both sides should re-commence official dialogue under the 1992 consensus – that "both sides recognize there is only one China,
Li Ruihuan behind only Hu Jintao. Thus, many Li supporters assumed that he and Vice President Hu would have been the only two PSC incumbents to have their five-year terms renewed at the 16th congress. Thus, he would have been in place likely to assume the post of chairman of the National People's Congress (NPC), a post held by Li Peng prior to the party congress. Some were even expecting that Li Ruihuan would have formed a triumvirate together in the post-16th congress PSC with Hu Jintao and Wen Jiabao. Many expected that such a triumvirate would have relegated Jiang's "Shanghai clique,"