![China industrial parks whip up new formula for success as foreign firms balk at old recipe](https://img.easybranches.com/uploads/news/2024/08/china-industrial-parks-whip-up-new-formula-for-success-as-foreign-firms-balk-at-old-recipe.jpg)
Gone are the days when foreign firms could be lured to industrial zones with financial incentives alone, as ‘cutthroat competition’ and overcapacity are seen creating a no-win scenario.
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