this post was submitted on 01 Mar 2025
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Workers stressed, confused as China cuts finance salaries but raises public sector pay (www.abc.net.au)
submitted 3 weeks ago by [email protected] to c/[email protected]
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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.

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[–] [email protected] 7 points 3 weeks ago

You are confusing a wage slave with the industry she works for.

That's like saying a janitor at bank is now part of the bank owner and operator class.