"I feel that in general, the overall economic environment is getting worse," she said.
Xia said she did not receive any "fat" red packet in 2016, and last year's bonus was less than a month's salary.
The world's second largest economy after the US, China saw its GDP expand by 6.9 per cent in 2017, boosted by strong trade data and growth in the property sector. But to many of China's ordinary workers like Xia, the fruits of the country's economic development were not shared equally.
Xia said many of her friends who worked in sectors like banking also took a hit.
One friend who works at a big bank told her that the institution had axed almost all its major businesses apart from the property segment. Another friend, an importer of fresh goods and raw milk whose major clients are local government departments, also saw her business shrink as the government tightened its spending.
Xia's observation could explain in part why a role in the financial sector, once the most envied profession in China, is no longer the most sought-after job - sliding from the top spot in 2016 to No. 4 last year, based on year-end bonuses awarded.
The average year-end bonus for financial workers in 2017 was slashed by more than half to 7,720 yuan, compared with 17,241 yuan in 2016.
Those who worked in the property sector shared similar woes, with their ranking dropping from No. 2 in 2016 to fifth spot, with an average bonus of 7,686 yuan in 2017.
The findings were based on a poll of 23,136 respondents.
Experts say the trend was largely a result of China's ongoing priority and push to contain financial risks, as President Xi Jinping tries to steer the economy through perilous territory, with a mountain of debt and an increasingly hostile US government.
China's securities regulator has also been rejecting initial public offering applications at the fastest pace in four years since June last year, which reduced the volume of business for China's bankers and brokerages.
The deleveraging drive, analysts projected, is also expected to cut the number of property developers from tens of thousands to single-digit thousands or hundreds in the next five years.
Bucking the trend, however, is the internet and technology sector, which took second place in the rankings of the highest bonus paid in 2017.
Workers in the sector earned an average year-end bonus of 8,801 yuan. The top spot was occupied by those working in the energy and mining sector with a year-end bonus of 9,865 yuan.
While the overall average year-end bonus shrank in 2017, the number of employees who received special welfare benefits increased significantly, according to Zhilian Zhaopin.
Sixty-six per cent of the workers polled by the recruitment website said they would receive year-end bonuses for 2017, up from around 39.5 per cent in 2016 and 13.4 per cent in 2015.T
he findings were in line with those of British recruitment firm Hays.
"Forty-six per cent of employers in China awarded major bonuses, which refers to more than 50 per cent of fixed salary in 2017. This was a slightly lower proportion of companies than in Hong Kong and Singapore but broadly in line with results across Asia," said Simon Lance, the firm's managing director of Greater China.
- This article was first published by the South China Morning Post
