shiva cement limited (532323) signs major deal - Free Stock Selection

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shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. A takeout delivery rider suddenlyloses itin the middle of the road, smashing his cellphone on the pavement after getting a negative review from a customer.

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In yetanother incident, crowds of angry drivers gather outside an apartment complex, demanding justice for a fellow delivery driver said to be bullied by security guards there.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. They’re among the many episodes of explosive confrontations across China involving delivery workers widely circulated on Chinese social media, showing people stretched to the breaking point.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. The $200 billion industry, the world’s largest by revenue and volume of orders, more than doubled during three years of Covid-19 lockdowns and once provided a solid income for casual workers. But not anymore.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. As China’s economy grapples with a raft of setbacks, from aprotracted property crisisto a lack ofconsumer spending, delivery workers are taking a beating.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. Those challenges were thrown into stark relief on Friday, when the National Bureau of Statistics (NBS) announced China’s economy moderated further in the third quarter, weighed down by weak consumption and a crisis in the property market.

Gross domestic product grew by 4.6% in the three-month period from July to September, compared with a year ago. That was just slightly higher than the expectations of economists polled by Reuters, who had predicted expansion of 4.5%.

“They are working long hours, really being squeezed,” said Jenny Chan, associate sociology professor at Polytechnic University of Hong Kong. “[And] they will continue to face pressure as [delivery platforms] have to keep the cost low,” she said.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. A sluggish economy means people are ordering cheaper meals. That cuts into workers’ earnings because most work on commission, which forces them to work longer hours to maintain their earnings, Chan says.

In addition, the dominance of two major food delivery platforms enables them to dictate contractual terms, leaving little room for workers to push back on deteriorating work conditions, labor rights watchers say.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Free stock selection service with expert predictions and real-time market insights, providing you with the best investment strategies for long-term success. About 12 million drivers form the backbone of China’s vast food delivery network, which began gaining traction with the 2009 founding of the app Ele.me, now owned by tech giant Alibaba (BABA).

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. The workers played a critical role in keeping communities afloat during Covid when residents were barred from leaving their homes under strict lockdown rules. Now, they’ve become an indispensable part of the country’s dining culture.

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shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Professional advisors provide accurate market predictions with real-time stock indices, exchange rates, and futures data to help you seize investment opportunities and grow your capital. The market reached $214 billion in 2023, 2.3 times that of 2020, according to estimates by iiMedia Research, a China-based firm that tracks consumer trends. The industry is projected to reach $280 billion in 2030. Morningstar says China has the biggest takeout delivery market in the world.

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shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. The rider who smashed his phone insisted in an interview with Chinese state media that the complaint lodged against him was groundless. But he says he was still penalized with reduced assignments, which ate into his income and echoed similar complaints.

Last year, profits at two of the industry’s two biggest players Meituan and Ele.me both surged. Meituan’s revenue stood at $10 billion dollars, up 26% compared to 2022.

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Last year, they made 6,803 yuan ($956) a month, according to a report from the China New Employment Research Center. That’s almost 1,000 yuan ($140) a month less than they were making five years ago, despite many reporting working longer hours.

It may not sound like much in US dollars, but a difference of 1,000 yuan is a large amount in a country where the national monthly average wage was 1,838 yuan ($258) last year,according tothe NBS.

Lu Sihang, 20, told 【 - Free Stock Selection 】 that he works a 10-hour shift making 30 deliveries per day. He earns about $30 to $40 each shift. At that rate, Lu has to work almost every day to meet the $950 average.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Free real-time stock data analysis to help you capture global market trends and steadily grow your capital. Related articleChina’s economy is in bad shape. Can its ‘whatever-it-takes’ stimulus effort turn things around?

China’s “downgraded consumption” is to blame, says Gary Ng, an economist with French investment bank Natixis. As China’ economy slows, consumers are spending less.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Expert predictions of stock trends with real-time stock indices, metals, energy, and agricultural product data to help you make efficient investment decisions. The economist said even though food is a necessity, a weak economy causes customers to spend less on delivery orders, while restaurants will have to slash prices to attract patrons.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Precise stock market trend predictions with free real-time quotes for India stocks, US stocks, and European stocks to help you seize the best investment timing. That eats into delivery workers’ income as their pay is usually tied to a commission based on the price of the order. When customers are feeling cash-strapped, they are also less likely to offer tips.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Professional investment advisors provide real-time market data to help you analyze stock trends and select high-potential stocks, increasing capital growth. Meanwhile, the lackluster economy means there are fewer jobs, making competition fiercer. China’s youth unemployment rate soared to 18.8% in August, the highest since authorities changed the methodology last year to exclude students.

“If you have a huge supply of workers, their bargaining power will decrease. Meanwhile, there is only a limited amount of delivery orders to share among them,” Ng said.

It wasn’t always this way. Research by China Labour Bulletin, a Hong Kong-based NGO, said the delivery apps initially dug deep into their pockets to offer higher wages in order to attract enough workers for their expansion.

“But as conditions have changed, with platform companies monopolizing the market and algorithm development controlling the labor process, workers have little labor protections and have lost a degree of freedom,” it said.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Free stock selection service with precise predictions of high-potential stocks to help you stay ahead in the market. Many restaurants do not charge a delivery fee. Some even offer cheaper deals than dining in or self-pickups.

Chan, of Polytechnic University, said platforms invested heavily at the outset to slash prices to price out competitors. But now that they have achieved their dominance, they’ve begun to shift the cost burden to drivers by cutting their bonuses and pay.

Earlier this year, state-run online news portal Workers.cn reported several complaints from drivers who said they had done nothing wrong.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Expert market predictions with real-time global market, futures, metals, and energy data to help you stay in tune with market trends. A driver said he was fined 86 yuan ($12) for not picking up a prepared order, even though he had informed the restaurant he wouldn’t be taking it because the restaurant had failed to get the food ready on time, Workers.cn reported.

Chan said another problem is that delivery workers are treated as freelancers paid by each trip, rather than getting a monthly salary, which incentivizes them to ignore dangerous road conditions to make as many deliveries as they can.

“Who would want to run a red light if they can deliver the meals safely? But they can’t afford to,” she said.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Free break-even services with professional advisors to help you quickly recover and avoid losses, achieving steady growth. The consequences have proven fatal. In 2019, a delivery driver died after he was hit by a tree knocked over by strong winds in Beijing, according to state media Global Times.

Just last week, Chongqing Broadcasting Group aired news footage of a deliver driver slamming his scooter into a car at a cross junction in the southern Chinese province of Hunan after running a red light.

shiva cement limited (532323) signs major deal ✌️【Investment Tools】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. A 35-year-old delivery driver who gives only his family name Yang acknowledged the downsides, saying the industry was “not as good as before.”

But he still thinks the job suits him for now, having juggled a slew of previous roles in the past, from selling snacks to working in an office.

“It’s a job with flexibility. If you want to earn more money you will need work longer, if you want to rest, then you can work less,” said Yang.

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