BEIJING—China’s Communist Party opened a four-day, closed-door meeting on Thursday that will decide whether military chief Jiang Zemin completes a leadership succession by passing on his last post to party chief Hu Jintao.

Rumors swirled ahead of the plenum of the party’s elite 198-member Central Committee that Jiang, 78, will hand over chairmanship of the Central Military Commission to Hu, 61, who replaced Jiang as party general secretary in 2002 and as president in 2003.

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