Guangzhou's Tianhe district is seeking public opinions on the development plan for the modern business industry in the 14th Five-Year Plan period (2021-25).

According to the plan, results will be achieved in optimizing the industrial structure of commerce and trade by the end of 2025 in the district. In addition, the district's industrial agglomeration and radiation capacity will be comprehensively enhanced, while the leading role of new business forms and new models will be highlighted. Tianhe will also become the core force to build Guangzhou into an international consumption center city and comprehensively enhance Guangzhou's function as an international business center.

OneLink Walk, a large shopping mall in Tianhe. [Photo/WeChat account: gztzth]

By 2025, the added value of commerce and trade will account for 15 percent of the district's GDP, the total commodity sales will exceed 1.5 trillion yuan ($206.08 billion), and the total retail sales of consumer goods will reach 250 billion yuan. Retail sales of goods sold through the internet in the district will increase by more than 15 percent annually from 2021 to 2025.

The district will cultivate about 10 business carriers with sales of more than 1 billion yuan in this period. It will also contribute to making the spatial layout of commercial outlets in the district more reasonable, accelerate the development of intelligent business circles, as well as cultivate a number of cultural and tourism consumption clusters and demonstration projects for the integrated development of culture, business, and tourism.

Centered on the fields of department stores, bulk commodity, car sales, e-commerce, medicine circulation, and high-end hotel catering, Tianhe will introduce high-level leading enterprises and projects, aiming to add more than 10 business and trade headquarters enterprises or projects. It will cultivate 10 new enterprises with sales of 10 billion yuan, as well as a number of leading brand enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area and the whole country.

Specific measures will be put forward to support building Tianhe central business district (CBD) into an innovative and outstanding demonstration area for comprehensive urban functions, urban culture, modern service industry, as well as modern and international business environment.