Elected by the Central Committee, the Politburo (or Political Bureau) handles the daily running of the CCP and makes the party's major policy decisions. Greatest power re-sides in its seven-member Standing Committee.
Politburo is short for Political Bureau. The term originates either from the Russian Politicheskoye Buro, which contracts to Politburo, or from the German PolitbÃ¼ro. A Politburo is the executive organization for a number of political parties, most notably for Communist Parties.