Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Home> NewsBrief>Guangdong
[Guangzhou] Local Retail market thrives despite global financial crisis 
Latest Updated at 2008-December-16 15:16:56
Related News
China's retail sales of consumer goods up 20.6% in Q1
Accommodation, catering retail sales reach 98.5 bln yuan in August
China's retail sales up 15.9 pct in May
[Shenzhen] Historic mainland-Taiwan regular flights launched
Guangzhou Introduces 18 Measures to Promote Domestic Demand
Guangzhou's CPI in 2008 Expected to Show a 6% Increase
Guangdong suspends live poultry shipments to HK on bird flu concerns

Despite the current global financial crisis, Guangzhou, having been prosperous for both business and trade for over one thousand years, still featured strong powers of consumption, with citizens tasting breakfast tea and shopping as they used to.

According to statistics, the total retail sales of social consumer goods in 2008 were expected to exceed RMB300 billion. It would be the 20th year for Guangzhou to find its way into the first three top cities in China in terms of retail sales of social consumer goods.

Statistics also showed that the total retail sales of social consumer goods increased from RMB100 billion in 2000 to RMB200 billion in 2006. However, the figure again increased by RMB100 billion within last two years.

Thanks to the business planning, the number of businesses increased by over 30 thousand in 2008, the largest number it has ever seen. Twelve large chain stores and supermarkets, covering 250 thousand square meters in total, have been opened. In addition, six more large shopping centers will begin service in 2009.

Meanwhile, Guangzhou seized the opportunity of hosting the 16th Asian Games to formulate nine measures to promote business.

The nine measures were focused on the infrastructure concerning the Asian Games, construction of shopping malls, supermarkets, franchised stores and the upgrading of large businesses in downtown Guangzhou.

Also, some streets in the downtown , including Baiyun Avenue and those along both banks of the Pearl River, would turn into clusters of restaurants which serve delicacies.

In addition, payment by credit cards would be available in all major business zones, luxury hotels, businesses around the Asian Games Village and major restaurants.

Moreover, a sports consumer center will be built where lots of the world's famous brands would be gathered. Besides, Guangzhou would promote green energy, optimize the consumer environment and provide financial support for local brands.

(Translated by Guangzhou Association of Foreign Affairs Translators)

Editor: 寮犺幑

By: Source: english website

Smiley face appears in the night sky

At 226.93 meters, local papercutting breaks world record

Liuxi lake attracts egrets

New Guangdong Provincial Museum to be unveiled next June

Pirates of the Caribbean 3 premieres in China
This site contains material from other media for content enrichment purpose only.
The website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of are those of the authors and/or publishers. The website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact within thirty (30) days. Email:
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips