Shanghai, a leading city attracting academic talent

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Lujiazui, the financial center of Shanghai, forms a perfect backdrop for the Bund district. [Wang Gang/For China Daily]

Shanghai, Shenzhen, Chengdu, Beijing and Guangzhou are the main cities that have seen a huge influx of talent over the past 10 years, as Yicai reported on Thursday. Chinese financial media analyzed data from 35 cities, including municipalities, provincial cities with at least five million people, those with GDPs over one trillion yuan ($ 156 billion) and Dongguan, a manufacturing city. from Guangdong Province.

In this regard, Chongqing, Xi’an, Zhengzhou, Hangzhou and Wuhan were also in the top 10. The report defines talent as people who have graduated from a university. .

Compared to 2010, Shanghai added 3.37 million talented people as of 2020, securing the top spot to attract outstanding people working in multinational corporations and financial institutions. Shanghai also has exceptional research and innovation capabilities. Meanwhile, as a leading city in the Yangtze River Delta region, Shanghai has also attracted talent from the Yangtze River Delta, East and Central China, and the Yangtze River Economic Belt.

Three other cities with more than three million talents added over the 10-year period are Shenzhen, Beijing and Chengdu.

Beijing and Shanghai are the only two cities to have more influx of talent than increase in population. Shanghai has grown by 3.37 million talent over the past 10 years, but added just 1.85 million people at the same time. Likewise, Beijing has 3.01 million additional talented people compared to just 2.28 million additional residents.

Per 100,000 inhabitants, Shanghai posted the largest increase in the number of talent recruited, followed by Shenzhen, Beijing and Hangzhou.

Manufacturing cities like Dongguan and Quanzhou in Fujian Province are among the least able to attract talent with a university education.

Ding Changfa, associate professor in the economics department of Xiamen University, told Yicai that the local industrial structure decides on the employment of practitioners. Some industries involving textiles, shoes, hats, and clothing in Quanzhou provide jobs primarily for migrant workers. Talent with a university degree in these fields is scarce.

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