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Wage cuts begin in China as coronavirus weakens companies

Government turns a blind eye preferring it to job losses

A worker at cable factory in Guiyang, China. Many employees have taken pay cuts in the virus-hit economy.   © Reuters

SHANGHAI -- A growing number of Chinese employers have cut employee pay as the novel coronavirus outbreak wreaks havoc on industries from autos and retail to tech and advertising.

Most workers have accepted the reductions because of poor employment prospects in the virus-hit economy. The Chinese government, circumspect of massive job losses, has signaled tolerance for the trend.

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