No, according to official website news of Wenzhou Business School, the Ministry of Education has issued a document to approve the transformation of Wenzhou University City College into Wenzhou Business School, and its nature has changed from an independent college to a private undergraduate college, becoming the fourth Wenzhou undergraduate college after Wenzhou Medical University, Wenzhou University and Wenzhou Ken University. Wenzhou Business School has the most comprehensive business major system, and the business major is most closely integrated with the local economy, so Wenzhou Business School will not be downgraded.