Guangzhou is a huger consumer market, boasting 364.8 billion yuan of citywide retail sales of consumer goods in 2009 and directly leading the consumption concepts and fashions of over 40 million relatively affluent groups in the Pearl River Delta.
The people flow, material flow and capital flow diverted by the Asian Games 2010 to Guangzhou surely will lead to the further flourishing of local consumer market. Meanwhile, Guangzhou will lead the consumption in the high-speed railway era through innovative consumption modes, and give better play to its role as China's central city in "resource gathering and distribution" so as to become the consumption center of South China and influence Central China.
Plentiful Foreign Trade Wholesale Markets
Guangzhou has built a wholesale market system with complete functions covering the entire nation and is linked to the international marketplace. In 2006, the city was home to 586 wholesale markets including 115 sizable ones.
Its wholesale markets for aquatic products, audiovisuals, tea, leather products, textiles and garments, hotel supplies, cosmetics, auto accessories, IT products, toys and gifts and others are among the largest ones of their kinds in China. "Guangzhou prices", which have a considerable influence on the industries serving these markets, are typified by the Guangzhou Anhuamei Expo City, the Guangdong Audiovisual City, Huangsha Aquatic Products Wholesale Market, the Baima Garment Market, the South Tea Market, the Shiling Leather Products City, the Guangdong Yuzhou International Building Materials Market, the Guangdong Tianjiian International Home Furnishings Materials Market, and Pacific Computer City all enjoy considerable name recognition in China and Southeast Asia.
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