Workers stressed, confused as China cuts salaries in finance sector
www.abc.net.au
Workers speak out about the impact of wage cuts in the finance sector in China, while simultaneous hikes to public sector pay packets leaves many people confused.

As an accountant in China, Ms Wei works in the finance sector where the government has been cutting and capping workers’ pay.

China’s financial sector is led by state-owned banks and institutions, which are ultimately controlled by the government.

Ms Wei’s monthly salary has been reduced from 6,000 yuan to 4,500 yuan and her year-end bonus slashed by more than half.

“They [the government] started to cut everyone’s salary last July. It’s a heavy blow to my life,” Ms Wei said.

  • Deceptichum@quokk.auMEnglish
    101·
    2 days ago

    This isn’t stopping those at the top getting rich off the industry, it’s stopping single mothers from paying their mortgage.