The United States has elected its leader for the next four years, but across the globe another world power is also embarking upon a moment of transition in its leadership structure.
On Thursday, the Chinese government hands over power to a new generation of Chinese leaders. Current leader Hu Jintao leaves his post and Xi Jinping takes over. A key difference in this power shift is that the people in China get relatively no say in the matter.
Susan Li is the Bloomberg TV business anchor based in Hong Kong.