Posted on 08/18/2014 9:08:58 PM PDT by Olog-hai
China’s president has promised to rein in “unreasonably high” pay for executives at government-owned companies in an apparent effort to mollify public frustration at the wealth of state industry.
President Xi Jinping’s announcement, carried by the official Xinhua News Agency, comes as the ruling Communist Party is pressing government officials to cut spending on limousines, banquets and other trappings of office. …
(Excerpt) Read more at hosted.ap.org ...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.