China turns to ‘street vendor economy’ to help manage unemployment crisis

China has turned to a “street vendor economy” – encouraging people to set up open-air stalls as full or part-time jobs – amid an unprecedented wave of unemployment caused by the economic fallout following the coronavirus outbreak.The policy change, promoted by Premier Li Keqiang, came as tens of millions of workers have lost their jobs due to the business closures and transport disruptions over the last few months. It also marks a U-turn from the Communist Party’s previous efforts to clamp down…

Read the original article at South China Morning Post