Impact of Policy Shifts on Employment

Recent policy changes in China led by President Xi Jinping are causing significant upheaval in key industries like finance, internet, and real estate, which were previously essential for job creation and economic growth. Many professionals are experiencing job losses, pay cuts, and overall uncertainty in their careers, leading to a sense of existential crisis among numerous skilled workers. The shift in focus from rapid economic growth to what is termed 'high-quality growth' is further exacerbating these issues, as sectors celebrated for success are now out of favor. This has left a generation of ambitious workers questioning the long-term value of their hard work, especially as many are forced to navigate a climate of decreased compensation and job security.