The premier of the State Council of the People's Republic of China, commonly called the premier of China and sometimes also referred to as the prime minister, is the head of government of China and leader of the State Council. The premier is the second-highest ranking person in China's political system, under the general secretary of the Chinese Communist Party (paramount leader), and holds the highest rank in the civil service of the central government. The premier is responsible to the National People's Congress and its Standing Committee. The premier serves for a five-year term, renewable once. The premier presides over the plenary and executive meetings of the State Council, and is assisted by four vice premiers in their work. Every premier has been a member of the Politburo Standing Committee since the PRC's founding in 1949, except during brief transition periods. In China's political system, the premier has generally thought to be the one responsible for managing the economy. The incumbent premier is Li Keqiang, who took office on 15 March 2013, succeeding Wen Jiabao. From Wikipedia