Huangpu's retail sales surge in 2024

From January to October this year, Huangpu district's total retail sales of consumer goods increased by 9.9 percent year-on-year, leading Guangzhou in growth for seven consecutive months.

The national "old-for-new" policy boosted the home appliance and automotive markets, with sales rising by 20.1 percent and 89.1 percent, respectively. Cumulative sales from "old-for-new" exchanges reached 7.25 billion yuan ($999.49 million), with national subsidies of 1.21 billion yuan, the most in the city and making up about 27 percent of the city's total.

The "old-for-new" activities in September and October contributed approximately 5.9 billion yuan to the district's retail sales, increasing growth by 4.8 percentage points.

Huangpu has introduced the "International Consumption 10 Measures" to promote integrated consumption in commerce, culture, and tourism, as well as the development of the nighttime and performing arts economies, attracting numerous businesses.

XPeng automobile. [Photo/WeChat account: gzhpfb]

Automotive brands like XPeng, Xiaomi, Aito and Leapmotor have set up delivery centers in the district, while Japan's Lawson has established its Greater Bay Area headquarters there.

Currently, the district is home to 417 retail and accommodation enterprises above the designated size, an 18.8 percent increase since the end of 2023.

Furthermore, Huangpu district is committed to promoting the sales of high-quality industrial products and local specialty brands within the district. Over 1,300 enterprises in the district have opened more than 9,800 stores, involving over 310,000 SKUs, helping the "Huangpu Brand" to reach a national audience.

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