China’s gig economy losing ability to absorb laid off factory workers

New economy

With the Chinese economy slowing, concern has increased among Chinese policymakers about the outlook for employment, since ensuring a sufficient number of new jobs is seen as a necessary ingredient in maintaining social stability in the country. Employment was the top priority the Politburo set last July when it shifted its economic policy focus to stabilising growth.

That led the government to enact a series of policies to counter rising joblessness. This series explores the employment challenges faced by different segments of the Chinese economy, and this third instalment examines the issues facing the “life services” or “gig” economy.