China's Economic Struggles Drive Exodus In Finance Industry

South Africa News News

China's Economic Struggles Drive Exodus In Finance Industry
South Africa South Africa Latest News,South Africa South Africa Headlines

Amid China's regulatory crackdown, some finance professionals have pivoted to different careers, from education services to stand-up comedy, per a new report.

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

Faced with slower-than-expected economic growth and increased regulation, some Chinese financial professionals have been leaving the industry for opportunities in other fields, per a new report.Goldman Sachs this week raised its GDP growth forecast for China from 4.7 percent to 4.9 percent, signaling optimism over Beijing's most comprehensive stimulus measures in years. However, the regulatory crackdown on China's $67 trillion financial sector continues to worry investors.

Others have made even more dramatic career shifts, per Reuters. Wu Shichun, a venture capitalist and founder of Ningbo-based Plum Ventures, has found a second calling as a stand-up comedian, the report said.'I feel grateful for such a difficult time. It's a source of fodder for my performance,' Wu said at a performance, per the news outlet. 'Nowadays, everywhere in this industry, you come across deadbeat investors and entrepreneurs on the verge of life and death.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Newsweek /  🏆 468. in ZA
 

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Despite industry growth, smaller yoga studios face economic strugglesDespite industry growth, smaller yoga studios face economic strugglesSmall businesses like independent yoga studios are grappling with rising costs and numerous challenges in a post-COVID economic climate.
Read more »



Render Time: 2025-01-13 00:29:07