F₁

F₂

F₃

F₄

F₅

Tax policy

0.802

0.296

0.117

0.078

0.071

Land circulation

0.782

0.160

0.082

0.224

0.079

Government efficiency

0.722

0.015

0.224

0.258

0.114

Start-up capital

0.410

0.674

0.252

0.087

−0.045

Innovative talent

0.161

0.713

0.259

0.289

0.054

Technical support

0.135

0.630

−0.109

0.244

0.229

Family support

0.301

0.133

0.747

0.209

0.067

Intermediary services

−0.024

0.173

0.830

0.054

0.072

Public opinion and advocacy

0.260

0.197

0.742

0.116

0.186

Financing costs

0.059

0.239

0.130

0.775

−0.130

Rent and land price

0.235

0.211

0.128

0.745

0.095

Consumption level

0.284

0.125

0.096

0.808

0.179

Registration convenience

0.131

0.136

0.003

0.046

0.885

Registration fee

0.057

−0.050

0.263

0.039

0.814