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The rise of Tech Parks in China - all 1,600 of them?

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During any visit to any city in China, one is amazed by the large number of tech parks that have sprouted up all over the country. City officials tout the progress made by their respective cities, which is some times measured by the number of international companies and "sea turtles" in their tech park. Many tech parks have investors associated to them, and cities and provinces tend to offer incentives to attract new companies.

 

I have heard that there are over 1,600 tech parks across China and that number continues to grow. 

 

Several questions arise: 

1. What experienceshave you had with tech parks in China?

 

2. What is the percentage occupancy in these tech parks?

 

3. How different are these tech parks from incubators?

 

4. How do they make money? Is it a classic real estate model like that of an incubator?

 

I welcome your comments. Thanks. 

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