China's $200bn food delivery industry faces downturn due to economic slowdown and weak consumer spending.
China's $200 billion food delivery industry is experiencing a downturn, influenced by an economic slowdown marked by a property crisis and weak consumer spending. Workers' earnings have fallen by about 1,000 yuan ($140) monthly over five years, averaging 6,803 yuan ($956) last year, despite longer hours. Cost-cutting measures by delivery platforms have heightened pressure on workers, leading to potential safety risks as they strive to maintain their income.
October 20, 2024
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