How China’s crackdown turned finance high-flyers into ‘rats’
How China’s crackdown turned finance high-flyers into ‘rats’
www.bbc.com How Xi’s crackdown turned China’s finance high-flyers into ‘rats’
Chinese authorities have been cracking down on businesses from real estate to technology to finance.
The “glow” of the industry has worn off, he says. It had once made him “feel fancy”. Now, he is just a “finance rat”, as he and his peers are mockingly called online.
China’s once-thriving economy, which encouraged aspiration, is now sluggish.
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