Analysis: China's mandarins face 25% pay cut as 'alchemy' fades

Katsuji Nakazawa is a Tokyo-based senior staff writer and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He was the 2014 recipient of the Vaughn-Ueda International Journalist prize.

A social media post written by an employee of the Hangzhou municipal government has become the talk of the land in China.