China's well-heeled financial dealmakers are getting a crash course in austerity with pay cuts and perks reined in, as their state-owned employers respond to Beijing's "common prosperity" drive, eight people with knowledge of the matter said.

https://12ft.io/proxy?q=https%3A%2F%2Fwww.reuters.com%2Fworld%2Fchina%2Fchinas-common-prosperity-drive-slashes-pay-perks-investment-bankers-2022-07-29%2F

  • TreadOnMe [none/use name]
    ·
    2 years ago

    That's ok, it's just to make them more competitive on the global market. You know, the way austerity always does!