In recent months, Shanghai's economy has become even more bleak. Manufacturing activity has shrunk, exports have fallen, and the youth unemployment rate has hit record highs to the point …
Pay Cuts, Salary Caps, Retrenchments: Financial Industry Storm Now Arrives
In addition to reclassifying investors as financial consumers, on June 27, reports emerged that several of China's largest state-owned financial companies began implementing strict salary caps, with some executives even being …
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