BEIJING (Reuters) - China's legislature elected Li Keqiang as premier on Friday, installing an English-speaking bureaucrat as the man in charge of the economy, the world's second-largest, and its aim of reviving growth through consumer-led expansion.

The largely rubber-stamp National People's Congress, as expected, chose Li, 57, to replace Wen Jiabao.

Nearly 3,000 delegates gathered in Beijing's Great Hall of the People to vote on Li's appointment, putting the final stamp of approval on a generational transition of power.

Li drew only three no votes and six abstentions from the carefully selected parliament.

Li rose and shook hands with Xi Jinping, who was elected president by the legislature on Thursday, as legislators applauded. A beaming Wen walked over to Li, shook his hand and exchanged words.

While Xi is the country's top leader, Li heads China's State Council, or cabinet, and is charged with executing government policy and overseeing the economy.

As premier, Li is faced with one of the world's widest gaps between rich and poor, an economy over-reliant on investment spending and a persistently frothy housing market that has stoked resentment among the middle class.

"I believe that in this class (of new leaders), his intent to reform is quite strong," said Chen Ziming, an independent political commentator in Beijing. "He has a close relationship with reform-minded economists. We've seen from his speeches after the 18th party congress that the gap between them and him isn't far."

More than any other Chinese party leader until now, Li was immersed in the intellectual and political ferment of the decade of reform under Deng Xiaoping, which ended in the 1989 Tiananmen Square protests that were crushed by troops. …