China names Beijing mayor Chen Jining new party boss of Shanghai

Chen Jining, a former president of Tsinghua University, will now be in charge of a financial hub of 25 million people. - Xinhua

BEIJING (Bloomberg): China has named Beijing Mayor Chen Jining the new Communist Party leader of Shanghai, a move that comes as the Asian nation reshuffles key leaders following a congress that President Xi Jinping used to consolidate power.

Chen replaces Li Qiang as party secretary of the financial hub of 25 million people, the official Xinhua News Agency reported on Friday (Oct 28).