Bloomberg report on China's banking industry

  • In the first half of 2016 China's four biggest banks reported that staff numbers fell by the most in at least six years
  • Agricultural Bank of China Ltd., Industrial & Commercial Bank of China Ltd., China Construction Bank Corp. and Bank of China Ltd., earnings filings showed the staff cuts

The link is here for more: Tens of Thousands of Jobs Go as China's Biggest Banks Cut Costs


Job losses are not something the Chinese administration likes