China's economic woes hit delivery workers hard, paychecks shrink by 1,000 Yuan
food delivery industry, once a thriving sector that expanded during the Covid-19 pandemic, is now facing a downturn, according to a report by CNN.
Having more than doubled in size over three years, this industry — the world's largest by revenue and volume of orders — had provided a steady income for casual workers. However, the workers are now struggling to make ends meet.
China's economic slowdown, prompted by a property crisis and weak consumer spending, has hit delivery workers hard, decreasing their incomes and job stability.
On Friday, the National Bureau of Statistics (NBS) revealed a moderation in third-quarter growth and said that weakened consumer spending and the ongoing property market crisis continue to weigh heavily on the economy.
Gross domestic product (GDP) grew by 4.6 per cent in the three-month period from July to September, compared with a year ago. That was just slightly higher than the expectations of economists polled by Reuters, who had predicted an expansion of 4.5 per cent, CNN reported.
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