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China's Ride-Hailing Industry Faces Bumpy Road
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China's ride-hailing industry experiences a surge in drivers due to the weak economic recovery and high youth unemployment, leading to increased competition and lower incomes. Overcapacity in some cities further exacerbates the challenges for drivers.
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How does the changing landscape of the ride-hailing industry reflect broader trends in the Chinese economy and labor market?
How might the increased competition in the ride-hailing industry impact the overall job market and employment opportunities in China?
What measures could be taken to address the overcapacity in some cities and improve the prospects for ride-hailing drivers?
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