News Analysis
Shanghai, the once prosperous commercial capital of China, is no longer the county’s top industrial city, according to the latest statistics. Meanwhile, the city lost at least a quarter million migrant workers amid the implementation of its draconian COVID-induced policies, local authorities say.
As the most populous metropolis in China, Shanghai was an international hub boasting the most regional headquarters of multinational companies in the country.
However, according to China’s recently released 2022 GDP ranking of the top 10 industrial cities, Shenzhen took the lead with an industry value added of 1.13 trillion yuan (about $164 billion), surpassing Shanghai’s 1.08 trillion yuan (about $157 billion), with Suzhou ranking third….