Modern Commercial Circulation Developed Fast in Ningbo

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Category: Ningbo News

Published: Monday, 29 October 2012 08:55

Tianyi Square, opened a decade ago, has became a large-scale urban commercial center of Ningbo with an average daily traffic of over 200, 000 passengers and an annual turnover of nearly 10 billion Yuan.

In the past decade, Ningbo made every effort to turn itself the business center south of the Yangtze River Delta. As a result, its consumption market became more and more prosperous and commercial circulation developed rapidly. In 2011, Ningbo's total retail sales reached 201.89 billion Yuan, the added value of commercial circulation industry was over 50 billion Yuan, an increase of 340% and 150% respectively over a decade ago.

In the past decade, a group of large-scale commercial plazas which contributed much to the development of surrounding areas were built, while 42 characteristic streets focused on cultural, commercial and leisure functions were established to expand Ningbo's consumption market. 

In the past decade, significant improvement was made in Ningbo's chain operation of commercial circulation industry and modern logistics industry. Today, chain business covers industries such as wholesale, retail and catering. Large-scale logistics companies including Jiabei, Sanjiang and Xiangyang Fishing Port set up their modern logistics centers. A group of Ningbo retail and catering enterprises rank top 100 enterprises in China.

Ningbo commercial circulation enterprises also attached great importance in “Going-out”. Half of six Ningbo brand direct-sale centers founded regional agents in cities such as Nanchang, Wuhan and Beijing. In recent years, the sale of Ningbo products increases fast. 52 Ningbo enterprises participated in the procurement system of Zhongbai Holding Group. In 2011, domestic sales of Ningbo enterprises reached 546.44 billion Yuan, an increase of 29.25% over the previous year.