With the persisting efforts from the municipal government in recent years, business in Guangzhou has inherited its time-cherished position as a business center and gained an upper hand. It has stepped up its efforts in setting up modern business and trade industry. Chain stores, medium and high-class whole-sale markets, modern logistics, downtown business streets with local characteristics, exhibition business and other modern commerce and trading industry are developing on full scale. Business forms, such as supermarkets, storage emporia, professional and exclusive shops, stores and shopping centers blossom out.
As the capital city of Guangdong, Guangzhou has strengthened its convergent, radiative and service functions. It provides a capacious space for industries both home and abroad to expand their commerce and trade to pan-Pearl River Delta area, even the whole country with Guangzhou as their base. Guangzhou has entered a brand-new era of swift development: in 2003, the total amount of social consumables of Guangzhou reached 149.4 billion Yuan, ranking third among the ten largest cities in China.
1 the fast-stepping development of chain stores:
The scale of chain stores in recently years has witnessed a speedy development pace of over 20%,involving 64 fields of industries from department stores to restaurants, automobiles, pharmacies and the like. A batch of namable enterprises, such as Home Easy, Hongcheng Supermarket, Nanyuan Chain Stores, and Grandbuy crop up, with their respective famous, competitive and outstanding brands. And expand their markets rapidly. Some renowned chain stores headquartered in the sister cities, such as Gome, Su’ Ning Appliance Chains, Lianhua (Shanghai) and others with headquarters in other countries like Jialefu, Parken Shop Mega-Store, OK Stores, Seven-Eleven are all coming to Guangzhou to open new shops, which add up to form a phase of chain sales, characteristic of diversified investment with domestic and overseas capital at parallel emphasis.
2 the gradual formation of a modernized whole-sale market system:
Guangzhou currently has 485 whole-sale markets of all sorts, among which 4 have a turnover of over 5 billion Yuan, 18 have a turnover of over 1 billion Yuan. All together constitute a whole-sale system that can "drive the whole province, radiate Southern China and even influence the whole nation and overseas markets". With the formation of a "Guangzhou Price" as the goal, Guangzhou Municipal Government is now pro-actively giving guidance to the investment market as to the restructuring of traditional whole-sale market, and planning to build a batch of large-scale and influential medium and high-class whole-sales markets with strong radiativity both home and abroad, together to form a modern whole-sale circulation network system with rational layout and strong radiativity gradually.
3 the comprehensive upgrade of downtown business streets with local characteristics:
Guangzhou has 37 downtown business streets that represent the cultural styles and features of the Five Ridges and that reveal their cultural connotation of Guangzhou's thousand-year position as a business center. Beijing Road Pedestrian Street is a case in point. It was planned on the basis of Japanese Ginza Model. As it extends northwards and seeing that CEPA Hong Kong City is opening and International Delicious Food Expo Center is about to construct, Beijing Road Pedestrian Street will become one of the most prosperous downtown business streets in China, which is solid, modernized, entirely pedestrian and open to business 24 hours at all sections. Besides, Shangxiajiu Road carries the business styles of the Five Ridges. After its extension northwards, the Road shall reach 1218 meters, along which gathers such reputed business stalls and hotels as Yong' An, Huangshanghuang Cured Meat, Guangzhou Hotel, Taotaoju and Lotus Mansion, converging to form a Commerce Corridor of Xi' Guan with both Chinese and Western cultures. Also, the streets of apparel in Longlinxia Road, seafood in Yide Road, calligraphy and paintings characteristic of the Five Ridges in Wende Road, Haizhu view which you can enjoy casually in Bingjiang Road and other traditional business streets have carried out a comprehensive upgrade to form a downtown business street groups with clear functions, proper layout and strong local characteristics and constitute a significant symbol of the prosperity of business in Guangzhou.
4 the speedy development of modern logistics:
Based on the rational, intensive and effective development principle, the investment attraction work for the three large international logistic areas of Baiyun International Airport, Nansha and Huangpu, and several regional logistic centers in Fangchun district, Baiyun, Huandu and Xintang are carried out on full scale. Jialefu (France) determined to set a stock center in Guangzhou just after the entry of UPS (US) into the logistic area of Baiyun International Airport. The third party logistics such as Baogong, Nanfang, Huaxin and other similar large-scale industries of logistics enjoy a fast development. They have actively introduced the international advanced technology and management experience, set up logistic information platforms, built up solid storages with high headroom, and explored logistic bases. The logistic industry is now becoming a bright spot of economic development in Guangzhou.
5 the strengthened vigor of expo economy:
Guangzhou makes full use of its advantages in geological neighborhood with Hong Kong and Macau, highly open to the international society, commodity convergency and information gathering, with the aid of such carriers as New International Expo Center, to conform the resources of expos and nurture a batch of successful brands of auto, clothes, delicious food, leather products, tea culture and decorative material, toys and presents, and cosmetics. Guangzhou persistently consummates the management mechanism of expo business by means of bidding for and auctioning the right of holding the expo in order to promote its socialization, professionalism and internationalization and strengthen its vigor. We will consistently broaden our view of how to the expo, participate into cooperation with domestic and foreign cities, especially with cities in the Pearl River Delta, and churn out a brand for the regional expo with Guangzhou as the center.
As the international and domestic markets and the business trades between the North and South become more integrated, a business environment with thousands of merchants gathered together is coming into form. As Guangzhou's position as the commerce and trade center is strengthened, Guangzhou has gained a preliminary view as a modern international metropolis. In Guangzhou, commerce and trade equal wealth. Whoever chooses Guangzhou will obtain due favors from this wealth. With commerce and trade circulation industry as the emphasis of development and investment attraction, we are sincerely looking forward to cooperating with the international investors.
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