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Chinese professor named World Bank chief economist:

The World Bank Monday named Justin Lin Yifu, who defected from Taiwan and rose to become a top economic strategist for communist China, as its chief economist -- the first time a Chinese has held the job.

World Bank President Robert Zoellick said Lin, the founding director of the China Center for Economic Research (CCER) at Peking University, would bring to the bank the perspective of a developing country on agriculture issues, as well as on economic challenges in Africa, where China has aggressively sought trade and investment opportunities.