# Economic Warning

Red Lights for the Gig Economy: Shenzhen Issues Warning as Ride-Hailing Market Hits Saturation

Shenzhen's transport authorities have officially declared the city's ride-hailing market saturated, warning of low order volumes and rampant predatory scams. The alert signals a significant downturn in the profitability of the gig economy in one of China's most prosperous tech hubs.