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How Xi’s crackdown turned China’s finance high-flyers into ‘rats’

Source: BBC

Getty ImagesChina has cracked down on businesses including real estate, technology and finance“Now I think about it, I definitely chose the wrong industry.”Xiao Chen*, who works in a private equity firm in China’s financial hub, Shanghai, says he is having a rough year.For his first year in the job, he says he was paid almost 750,000 yuan ($106,200; £81,200). He was sure he would soon hit the million-yuan…

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