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
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,"