From International Herald Tribune:

A rising Chinese political star and economic reformer has been named Communist Party boss of Shanghai, the party said Saturday, after his predecessor was ousted in a politically charged scandal.

The appointment of Xi Jinping, currently party secretary for the booming province of Zhejiang, south of Shanghai, was announced in a one-sentence statement by the party Central Committee that was carried by the official Xinhua News Agency. It did not say when Xi was appointed or give other details.

Xi succeeds Chen Liangyu, who was fired in September after being accused of improperly allowing government social security funds to be used for real estate and other risky investments. [Full Text]