China’s Party Congress reshuffle under way with central bank deputy Chen Yulu appointed Nankai University president

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A deputy governor from China’s central bank has been appointed as the president of Nankai University, a sign that more economic and financial personnel adjustments could be made around the 20th Party Congress later this year.

Chen Yulu, 56, arrived at the Tianjin-based university on Thursday afternoon, with the official announcement following on Friday morning, according to a source familiar with the matter. He has replaced Cao Xuetao.