CCTV on job jitters in China and in the US

All of those Wall st. hai gui can return to Shanghai with skills such as generating false balance sheets and overly complex instruments designed to confuse and obfuscate and run circles around Beijing's regulators.

The idea that fresh graduates will have to take lower pay is probably a good thing. From what I gather Chinese employment laws are all on the side of the employee leaving the employer screwed in most situations. I was recently told that if it were not for this 'financial crisis' (© extremely nervous Chuppies) then uni graduates could expect 5000 rmb a month in their first job. It's like the average pay goes up a grand every year.