China Targets Financial Elites, Puts a Cap on Executives' Salaries | Vantage with Palki Sharma

China Targets Financial Elites, Puts a Cap on Executives' Salaries | Vantage with Palki Sharma

China has ordered a fresh crackdown on its financial elites. It has decided to put a cap on their salaries. As per the new mandate, the executives won't be able to earn more than USD 400,000 annually. Reports say, this salary cap could be applied retrospectively. This move is believed to be a part of Xi Jinping's common prosperity programme. The Chinese President has pushed policymakers to bridge the gap between the rich and the poor. But critics of the new policy say this could drive away talent from the financial sector. Palki Sharma tells you more.

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China | Financial Elite | Salary | Paychecks | Firstpost | World News | News Live | Vantage | Palki Sharma | News

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Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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