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The Economic Times
The Economic Times

China's booming gig economy masks job market pain, strains welfare system

Bao Zhang began driving for a Chinese ride-hailing app this year after losing his ​job as a software tester and says the weak job market gives him little hope of returning to the tech sector.

His story is increasingly common in China, where tens of millions ​are shifting from formal employment into the gig economy as meagre unemployment insurance, record numbers of graduates and a shortage of jobs squeeze opportunities.

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