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submitted 1 year ago by Aussieiuszko@aussie.zone to c/world@quokk.au

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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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[–] Deceptichum@quokk.au 9 points 1 year ago

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