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.

China's gig economy is set to engage 320 million workers by 2026 amid job scarcity. GDP growth below 1% priced at 0.2% YES, growth between 5% and 6% at 16.5% YE.

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…