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There was an article this weekend from Xinhua titled "Big Chinese firms squeeze payroll of top executives to cope with crisis." At least these guys are proactively managing the process of damage control! (see below)
KM

Special Report: Global Financial Crisis
BEIJING, Feb. 1 (Xinhua) -- More Chinese firms are slashing executive pay and practicing tighter budgets to get through the economic crisis, the State-owned Assets Supervision and Administration Commission of Shanghai said Saturday.