In 2017, the number of permanent residents in Shanghai and Beijing was declining for the first time since 1978, and local governments were relieved. While first-tier cities (Beijing, Shanghai, Guangzhou and Shenzhen) are struggling not to surpass population control targets set for 2020, second-tier cities like Nanjing, Wuhan and Chengdu are offering incentives to attract talent. Fu Yifu, an analyst writing for the Suning Institute of Finance, explores these population shifts and the growing intensity of second-tier cities’ battle for college-educated talent. For young people, he points out, material incentives alone aren’t the main driver: Knowing that second-tier cities will offer opportunities matters much more to graduates. getAbstract recommends this article to all those interested in demographics and social engineering.
About the Author
Fu Yifu has a PhD in management from the Graduate School of the Chinese Academy of Social Sciences. He writes on macroeconomics, industrial economy, consumer economy and artificial intelligence.