Shanghai: no longer the number 1 manufacturing city in China and 130,000 people have disappeared

Recently, a video screenshot went viral in China and overseas. It shows an internal meeting at Shanghai Ocean University. The employment situation of the 2023 graduates was analyzed, and the picture shows that the overall employment rate of all Shanghai undergraduates is less than 25%.
For a long time, China’s top three industrial cities have been ranked in the order of Shanghai, Shenzhen, and Suzhou. In 2022, the value-added industry in Shanghai dropped, while Shenzhen overtook and jumped to first place.

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