MOFCOM reported that last year, the total retail sales of Wuhan exceeded RMB100 billion for the first time to RMB112.86 billion.
The great growth of Wuhan's business was due to the development of new mode of business. At present, more than 30 industries have used chain operation with more than 2440 chain stores.
Sales of chain operation reached RMB31.6 billion, accounting for 28 percent of total retail sales.
Wuhan has implemented the strategy of 'Going Out' and exploited new business fields.
Up to now, 78 large- and medium-scale retail stores and 59 large- and medium-scale catering stores have been opened in and out the province.
Last year, RMB5.5 billion was invested in business fixed assets, a record in history.
Ministry of Commerce of the People's Republic of China
marketing@alchempro.com
