India, July 6 -- Chinese President Xi Jinping, who has been the country's leader for 13 years, has sparked rumours of his retirement with his move to delegate authority and share power.

As per state-agency Xinhua, a meet of the 24-member Political Bureau of the ruling Communist Party of China reviewed a set of new regulations on the work of the party's institutions on June 30.

In this meeting, chaired by Xi Jinping, the president stated that the regulations will "standardise" the establishment, responsibilities, and operations of the CPC's key institutions.

As per analysts, this meeting for the CPC members may be part of Xi's plan to lay the groundwork for an "orderly" power transition.

Xi Jinping, who has been regarded as the stronge...