China’s Economic Slowdown Hits Wages in Traditionally Prosperous Yangtze Delta
China’s economic slowdown is increasingly squeezing incomes even in the country’s traditionally prosperous Yangtze Delta, with workers in the region reporting sharp pay cuts, layoffs, and dwindling job opportunities. Interviews with workers and jobseekers in the region indicate that declining business activities have eroded wages across manufacturing, services, and state-owned sectors. Some workers report that … Read more