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China's economy is facing significant challenges, with a $6 trillion loss in the stock market and a $5 trillion decline in the real estate market since 2021. The country's economic troubles are accelerating, and Beijing's priorities are shifting towards the tech industry. This shift has led to profound changes in the finance industry, including salary caps and corruption crackdowns. Additionally, there are rumors of a CICC analyst's suicide, highlighting the pressure within the sector. Many bright Chinese graduates are also choosing to leave Beijing for second-tier cities like Chengdu. Neil Thomas, Andreas Steno, and Marios Nicoletos have provided insights into these developments.
Many bright Chinese graduates are ditching Beijing in favour of cities like Chengdu. This week on “Drum Tower” host @aliceysu and China correspondent Gabriel Crossley head to two of the country’s “second-tier cities” to find out why https://t.co/hIxai2A6VY 🎧
.@wstv_lizzi in the @Diplomat_APAC on China’s changing finance industry ⬇️ https://t.co/im64M70Gfo
🤯 CHINA'S $6 TRILLION DECLINE- 5 key takeaways: .@AndreasSteno x .@mnicoletos 👇 1/ China’s economic troubles are accelerating, with a $6 trillion loss in the stock market and $5 trillion in the real estate market since 2021. 📉 2/ China’s strategy of increasing money supply… https://t.co/yl8r1SqLsL
