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The Mad Grab for Talent in China’s Second-Tier Cities
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The Mad Grab for Talent in China’s Second-Tier Cities

Fu Yifu
Suning Institute of Finance, 2018
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Recommendation

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.

Take-Aways

  • Fewer new college graduates choose to remain in first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen.
  • Second-tier cities such as Tianjing, Chongqing, Nanjing, Suzhou, Wuhan and Chengdu now have a real opportunity for economic transformation.
  • National policy seeks to disperse the concentration of the graduate population. In line with that policy, second-tier cities are offering incentives to attract college graduates.

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. 

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