Analysis-Beneath China's resilient economy, a life of pay cuts and side hustles
- Posted on July 15, 2025
- By Yahoo News
- 3 Views
Analysis-Beneath China's resilient economy, a life of pay cuts and side hustles
BEIJING (Reuters) -Chinese state firm employee Zhang Jinming makes up for a 24% cut to his salary by delivering food for three hours every night after work and on weekends - and hopes he can avoid awkward encounters with colleagues. "Being a part-time delivery person while working for a state-owned enterprise isn't exactly considered respectable," said Zhang, whose real estate firm pays him 4,200 yuan ($585) per month, down from 5,500 yuan. While China has supported economic growth by keeping its ports and factories humming, the lack of real demand has hit profits, in turn squeezing workers like Zhang through wage cuts and forcing them to moonlight.