From BBC News :
The World Bank has appointed its first chief economist from a developing country to work at the institution.
Justin Yifu Lin , a leading academic from Beijing University who is originally from Taiwan, is the first Chinese citizen to hold the position.
Former chief economists include US Treasury Secretary Lawrence Summers and Nobel prize winner Joseph Stiglitz.
World Bank President, Robert Zoellick, said Professor Lin brings unique skills and experience to the job.
Professor Lin is set to assume office at the end of May, taking over from France’s Francois Bourguignon., who served at the bank from 2003 to October 2007.