Beijing - China's Premier Li Keqiang confirmed on Friday, that he plans to step down after his current term that expires next March.

Li who has been premier since 2013 is No. 2 in the hierarchy of China's ruling Communist Party and is constitutionally limited to two terms.

Li told a news conference that "This is the last year I will be premier"

President Xi Jinping is expected to secure a standard-breaking third term as party chief at a party meeting this autumn to elect leaders for the next five years.

In 2015, China amended its constitution to change a limit of two terms for those holding the post of president. The next premier will be chosen by the Party leaders.
-Reuters