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flag China cuts finance salaries, raises public sector pay, causing confusion and a talent drain.

flag In China, finance sector salaries are being cut while public sector wages are rising, causing confusion and stress. flag State-owned banks and institutions are seeing pay cuts of hundreds of yuan, with a cap of 973,000 yuan per year for financial workers. flag This policy is leading to a talent drain as many leave the finance sector, and experts warn of potential negative consequences.

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