2014-June-18 Source: Newsgd.com
Since implementation of the Reform & Opening-up Policy in 1978, the integrated economic strength of Guangdong has rapidly sprung to the top rank of the national total.
3. Domestic trade market continues to boom
Recently, the circulation industry has been developing rapidly in Guangdong, and the market consumption has continued to boom with the province’s total retail sales value of the social consumer goods ranking No.1 in the country for 31 consecutive years. From 2009 to 2013, the annual growth rate of the total retail sales value of social consumer goods in Guangdong has reached 14.3% on average. In 2013, the total retail sales value of social consumer goods reached RMB 2.54539 trillion, grew by 12.2% on year-on-year basis. In terms of the locations of the business units, the retail sales value of consumer goods reached RMB 2.22824 trillion in urban areas, and grew by 12.4% on year-on-year basis; the retail sales value of consumer goods reached at RMB 317.15 billion in rural areas, grew by 10.9%. In terms of consumption patterns, the food and beverage revenue reached RMB 261.28 billion, grew by 7.6% on year-on-year basis; the commodity retailing revenue reached RMB 2.28411 trillion, grew by 12.8%.
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