Incentive Maps and Industrial Parks: The Quiet Rise of China's Second-Tier Manufacturing Hubs
While US sourcing teams default to Shanghai, Shenzhen, and Dongguan, a wave of smaller Chinese municipalities is quietly assembling aggressive packages of tax relief, subsidized land, and streamlined approvals to win foreign buyers. For procurement leaders willing to look past the familiar coastal names, the economics can be compelling — provided they understand the trade-offs.