As domestic consumer spending falters amid disruptions both at home and abroad, municipalities at all levels face revenue shortfalls from falling tax income and a sharp decline in land transfer sales, while salaries across both the civil service and private sector have been cut by 5% to 30%, as everyone from police officers to bank officials is caught in a spiraling “tightening chain” of reduced economic activity.
What do you think?
“The layoffs were unfortunate, but it did improve parking near the ministry.”
“We haven’t sold a single plot of land this quarter, which shows how well we’ve contained speculation.”
“Since my hours were reduced, I’ve had more time to reflect on how deeply I support the policy of aligning worker output with long-term macroeconomic resilience.”
Zhou Hanwei, 26
8th Assistant to the Sr. Vice Undersecretary Deputy for Domestic Foreign Affairs
Qin Meilan, 28
Junior Window Cleaner
Youxi Municipal Building
Meng Jiarong, 63
Catwalk Operator
China National Petroleum Corporation
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