Financial professionals are among the highest-paid workers in communist China and their wealth and flashy lifestyles have often come under criticism from the public on social media as the economy …
Tagged By financials
Chinese financial firms implement austerity measures; cut salaries, bonuses, as Beijing cracks down on corruption
Chinese financial firms are implementing austerity measures, including cutting salaries and bonuses and curbing flashy lifestyles, as Beijing cracks down on corruption and tries to bridge the wealth …
Analysis: China bankers told to shun flashy clothes, 5-star hotels in austerity drive
From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches at work, to reining in travel and entertainment expenses, Chinese financial firms have jumped on an …
China’s Big-City Homeowners Cash Out as Wealth Dream Fades
Chinese homeowners are losing conviction in their decades-long belief that property is a reliable store of wealth, undermining even coveted markets like Shanghai and adding pressure on authorities to …
As China Debate Heats Up, Biggest Risk Is Shift In Focus
Be wary of the growing focus on defense and ‘de-risking’ supply chains from China. Is this the tough on China stance Americans have been asking for?
China insider reveals how the West gets Beijing so wrong
In a new book, the London School of Economics’ Keyu Jin says China is developing a unique economic and political playbook for the next phase of its evolution.
China’s disgruntled youth gamble on life changing short cut to riches, but are lotteries just a ‘tax on the poor’?
A record 175.15 billion yuan (US$24.5 billion) of lottery tickets and scratch cards were sold in the first four months of 2023, up by 49.3 per cent from the same time last year Punters are…
Blinken lands in China on rare trip with hopes low for any breakthrough
U.S. Secretary of State Antony Blinken arrived in Beijing on Sunday, the first top American diplomat to visit China in five years, amid frosty bilateral ties and dim prospects for any breakthrough on …
China misperceived, says high-flyer straddling both worlds
In a new book, the London School of Economics’ Keyu Jin says China is developing a unique economic and political playbook for the next phase of its evolution.
China’s Local Governments Finding It Difficult To Service Debt As Fiscal Position Tightens: Report
China’s local governments are finding it difficult to service debt raised via municipal and Local Government Fina …
Ottawa freezes ties with Beijing-backed development bank over allegations that it is communist-dominated
The Asian Infrastructure Investment Bank’s global communications chief, Canadian Bob Pickard, quit and fled to Tokyo fearing retaliation. On Twitter, he slammed the financial institution. Meanwh …
Five key talking points at US-China talks as Antony Blinken visits China
Given the extent of the distrust between them, it’s very unlikely the visit will bring any major breakthroughs and US officials have been tempering expectations accordingly.
Green energy Democrats took donations from head of China-linked group pushing gas stoves ban
House Democrats who voted against two GOP proposals to block President Joe Biden from banning gas stoves accepted campaign donations from a China-linked group pushing to electrify the U.S. economy, …
