Large investment accelerates trade upgrading in Fenghua County
- Details
- Category: Ningbo District
- Published: Monday, 13 May 2013 10:05
Since the beginning of 2013, the trade development in Fenghua County has retained a strong momentum, with a total investment of 16.3 billion yuan in 36 planning or under-construction trade projects including a number of well-known domestic and foreign trade complexes
In the first quarter of this year, the total retail sales of consumer goods in Fenghua County stood at 2.877 billion yuan, an increase of 16.3%, the largest growth in Ningo. "It is the central part of our goal of ‘quality town construction’ to enable residents as well as tourists to enjoy services of various levels. It is essential to the regional economic development and to the people’s wishes." said a government leader from Fenghua County.
In recent years, by introducing big business magnates into the existing business circle and developing new business circles with the layout of characteristic industries, the county has achived an integrated improvement of the regional business and trade productivity. In particular, the introduction of some landmark trading projects has greatly promoted the upgrading and improvement of the trade industry. So far, a pattern of business and commerce based on the business landmarks has been formed in Fenghua County. The central commerce district consists of three core commercial areas like Huizheng Road, Jinzhong Square and North Town Area, including a dozen large business complexes such as the Intime City (Fenghua), Guangyuan Wealth Center and the Fenghua Times Square. "The development of commercial construction directly leads to the return of the outward consumption, due to the improvement of the business functions and upgrading of the business standard." said an official from Fenghua Bureau of Commerce.
