Following the issuance of the State Council directive, cities around China rapidly copied Guo Hong’s vision and rolled out their own versions of the Avenue of the Entrepreneurs. They used tax discounts and rent rebates to attract startups. They created one-stop-shop government offices where entrepreneurs could quickly register their companies. The flood of subsidies created 6,600 new startup incubators around the nation, more than quadrupling the overall total. Suddenly, it was easier than ever for startups to get quality space, and they could do so at discount rates that left more money for
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