Chen Deming was appointed commerce minister, replacing Bo Xilai, the Wall Street Journal reported. The appointment was made by the Chinese legislature on December 29. Chen is a vice chairman of the National Development and Reform Commission, the state’s top economic planning agency, where he has been responsible for fixed-asset investment and economic planning. Bo was promoted to the Communist Party’s Politburo, one of the most powerful decision-making bodies, during the five-yearly party congress in October and is now party secretary of Chongqing municipality.
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