Fung Business Intelligence Centre

Transcription

1 Fung Business Intelligence Centre 1

2 Regional development By province By city Economic performance & commercial landscape of major cities 2

3 Regional Development - By province 3

4 Five major regions in China China is a vast country with high population density in coastal areas and certain inland provinces. In 2012, the population in China stood at 1.35 billion, of which, 52.6% of the residents live in urban area The development of different regions varies across the country due to various factors such as availability of natural resources and government support. This section shows the key economic indicators of five major regions in China West China - Coverage: Chongqing, Gansu, Guizhou, Ningxia, Qinghai, Shaanxi, Sichuan, Tibet, Xinjiang, Yunnan - Population: 293 million (22% of national total) Source: China Statistical Yearbook 2013 Xinjiang Tibet Central China - Coverage: Henan, Hubei, Hunan, Jiangxi - Population: 263 million (19% of national total) Gansu Qinghai Beijing Liaoning Inner Mongolia Tianjin Hebei Ningxia Shanxi Shandong Shaanxi Henan Jiangsu Sichuan Shanghai Hubei Anhui Chongqing Zhejiang Jiangxi Guizhou Hunan Yunnan Fujian Guangxi Guangdong Hainan Heilongjiang Jilin North China - Coverage: Beijing, Tianjin, Hebei, Heilongjiang, Inner Mongolia, Jilin, Liaoning, Shandong, Shanxi - Population: 375 million (28% of national total) South China -Coverage: Fujian, Hainan, Guangdong, Guangxi - Population: 199 million (15% of national total) East China - Coverage: Shanghai, Anhui, Jiangsu, Zhejiang - Population: 218 million (16% of national total) 4

5 billion yuan General background - GDP China s GDP came in at 51,894 billion yuan, up by 7.7% year-on-year (yoy) in 2012 Among the five regions, North China recorded the highest GDP at 18,583 billion yuan; while GDP of West China grew at the fastest rate of 14.6% GDP of Guangdong ranked first among all the provinces and reached 5,707 billion yuan; while GDP of Guizhou grew at the fastest rate of 20.2% yoy 17 GDP by province, 2012 (% yoy growth) 6,000 5,000 4,000 3,000 2,000 1, % 10% 10% 7% 10% 8% 12% 14% 13% 13% 5% 12% 10% 12% 11% 16% 9% 11% 11% 14% 8% 13% 14% 16% 14% 20% 13% 13% 11% 13% 16% > 2,000 billion yuan 1000 billion 2000 billion yuan < 1000 billion yuan GDP Note: Data in nominal value Source: China Statistical Yearbook

6 yuan General background - GDP per capita GDP per capita in China was 38,420 yuan in 2012, up by 9.2% yoy GDP per capita of 14 provinces were higher than the country average Among all provinces, the three municipalities, Tianjin, Beijing and Shanghai, recorded the highest GDP per capita at 93,173 yuan, 87,475 yuan and 85,373 yuan, respectively Again, GDP per capita of Guizhou grew at the fastest rate of 20.1% yoy 17 GDP per capita by province, 2012 (% yoy growth) 100,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10, % 7% 3% 10% 10% 7% 12% 6% 11% 9% 13% 13% 13% 15% 8% 10% 9% 12% 7% 12% 12% 12% 10% 13% 10% 12% 10% 14% 15% 12% 20% > 50,000 yuan 30,000 40,000 yuan < 30,000 yuan GDP per capita Note: Data in nominal value Source: China Statistical Yearbook

7 General background - GDP composition 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% The GDP composition of agriculture, manufacturing and service industries in China was 10.1: 45.3: 44.6 in 2012 Among all provinces, Beijing has the most developed service sector; the service industry accounted for 76.5% of the GDP On the other hand, the contribution of manufacturing industry were stronger than that of service industry in certain provinces, including Qinghai, Henan and Shaanxi GDP composition by province Xinjiang Tibet Qinghai Gansu Ningxia Sichuan Chongqing Yunnan Inner Mongolia Shaanxi Jiangxi Guizhou Hunan Fujian Guangxi Guangdong Hainan Shanxi Beijing Henan Hubei Hebei Liaoning Tianjin Shandong Jiangsu Shanghai Anhui Zhejiang Heilongjiang Jilin > 50% 40% - 50% < 40% Contribution of service industry to GDP Note: Data in nominal value Source: China Statistical Yearbook 2013 Agricultural industry Manufacturing industry Service industry 7

8 billion yuan Consumer market and retail sector - Total retail sales of consumer goods Retail sales of consumer goods in China was 21,031 billion yuan, up by 14.3% yoy in 2012 Among the five regions, North China recorded the highest retail sales at 6,922 billion yuan; while retail sales of West China and Central China grew at the fastest rates of 15.6% and 15.4%, respectively Retail sales in Guangdong ranked first among all the provinces and amounted to 2,268 billion yuan; while Yunnan recorded the fastest growth rate of 17.1% yoy Retail sales of consumer goods by province, 2012 (% yoy growth) % 15% 15% 13% 15% 16% 15% 15% 15% 15% 12% 9% 16% 16% 17% 16% 15% 16% 15% 16% 16% 16% 16% 17% 16% 16% 15% 15% 15% 16% 16% > 900 billion yuan 400 billion 800 billion yuan < 400 billion yuan Retail sales of consumer goods Note: Data in nominal value Source: China Statistical Yearbook

9 yuan Consumer market and retail sector - The per capita income and expenditure of urban households 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 The per capita disposable income and the per capita consumption expenditure of urban households in China were 24,565 yuan (+12.6% yoy) and 16,674 yuan (+10.0% yoy) in 2012, respectively Among all provinces, urban households in Shanghai, Beijing and Zhejiang earned the most, with per capita disposable income reaching 40,188 yuan, 36,469 yuan and 34,550 yuan, respectively On the other hand, Shanghai, Beijing and Guangdong people spent the most, with per capita consumption expenditure amounting to 26,254 yuan, 24,046 yuan and 22,396 yuan, respectively The per capita income and expenditure of urban households by province, , > 30,000 yuan 20,000 30,000 yuan < 20,000 yuan The per capita disposable income of urban households Note: Data in nominal value Source: China Statistical Yearbook 2013 The per capita disposable income of urban households The per capita consumption expenditure of urban households 9

10 yuan Consumer market and retail sector - The per capita income and expenditure of rural households The per capita net income and the per capita consumption expenditure of rural households in China were 7,917 yuan (+13.5% yoy) and 5,908 yuan (+13.2% yoy) in 2012, respectively Among all provinces, rural households in Shanghai, Beijing and Zhejiang earned the most, with per capita net income amounting to 17,804 yuan, 16,476 yuan and 14,552 yuan, respectively Again, Shanghai, Beijing and Zhejiang people spent the most, with per capita consumption expenditure reaching 11,972 yuan, 11,879 yuan and 10,653 yuan, respectively The per capita income and expenditure of rural households by province, ,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2, > 10,000 yuan 7,000 10,000 yuan < 7,000 yuan The per capita net income of rural households Note: Data in nominal value Source: China Statistical Yearbook 2013 The per capita net income of rural households The per capita consumption expenditure of rural households 10

11 billion yuan Consumer market and retail sector - Saving deposit 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 Saving deposit in China was 39,955 billion yuan, up by 16.3% yoy in 2012 Among the five regions, people in North China saved the most, with saving deposit amounting to 12,823 billion yuan; while saving deposit of West China and Central China grew at the fastest rates of 19.4% and 19.0% yoy, respectively Saving deposit of Guangdong ranked first among all provinces and amounted to 4,553 billion yuan, followed by Jiangsu (3,006 billion yuan) and Zhejiang (2,641 billion yuan) Saving deposit of urban and rural households by province, % 16% 13% 19% 13% 16% 13% 20% 16% 19% 2012 (% yoy growth) 19% 19% 15% 21% 17% 16% 14% 19% 20% 19% 16% 15% 18% 22% % 19% 22% 16% 24% 22% 27% > 2,000 billion yuan 1,000 billion 2,000 billion yuan < 1,000 billion yuan Saving deposit Note: Data in nominal value Source: China Statistical Yearbook

12 US$ billion Foreign trade - Export and import Export and import value in China were US$ 2,049 billion (+7.9% yoy) and US$ 1,818 billion (+4.3% yoy) in 2012, respectively Among the five regions, East and South China exported the most and reached US$ 787 billion and US$ 691 billion, respectively; while North China imported the most and amounted to US$ 657 billion It is noteworthy that the total trade value of West China and Central China grew at the fastest rates of 32.2% and 19.3% yoy, respectively. On the other 15 hand, East China reported negative growth in import value at -2.2% yoy 20 Among all provinces, Guangdong s export and 19 import were the highest at US$574 billion and 4 9 US$410 billion, respectively Export and import value by province, ,200 1, % 2% (% yoy growth of total trade value) -0.2% 5% 1% 4% 9% 12% 8% 24% 82% 59% -6% 26% -2% 6% -5% 26% 10% 11% 16% 31% 2% 1% 12% -6% 2% 36% 199% -3% 26% > US$ 100 billion US$ 20 billion 100 billion < US$ 20 billion Total trade value Note: Data in nominal value Source: China Statistical Yearbook 2013 Export value Import value 12

13 Regional Development - By city 13

14 Major cities grow fast in China 20 cities with huge development potential in China have been identified, based on key economic indicators, including wealth, population and retail sales: Region Tier 1 cities Non-Tier 1 cities North Beijing Dalian, Qingdao, Shenyang, Tianjin East Shanghai Hangzhou, Nanjing, Ningbo, Suzhou, Wuxi Central South West Guangzhou, Shenzhen Changsha, Wuhan, Zhengzhou Xiamen Chengdu, Chongqing, Xi an Beijing Tianjin Qingdao Xi an Zhengzhou Nanjing Shanghai Chengdu Wuxi Wuhan Suzhou Chongqing Hangzhou Ningbo Changsha Xiamen Guangzhou Shenzhen Shenyang Dalian 14

15 billion yuan GDP of Shanghai ranks as the first place; yet, its growth rate lags behind other cities 2,500 2,000 1,500 1,000 Among the 20 cities, Shanghai and Beijing recorded the highest GDP at 2,018 billion yuan and 1,788 billion yuan in 2012, respectively Other than Shanghai, Guangzhou and Ningbo, all the other 17 cities recorded double-digit growth in GDP; of which, Wuhan registered the fastest growth rate of 18.4% yoy GDP by city, 2012 (% yoy growth) % 10% 9% 13% 14% 12% 14% 17% 18% 11% 10% 10% 17% 14% 12% 9% 14% 11% Beijing Tianjin Qingdao Xi an Zhengzhou Nanjing Shanghai Chengdu Wuxi Wuhan Suzhou Chongqing Hangzhou Ningbo Changsha 13% 11% Xiamen Guangzhou Shenzhen Shenyang Dalian > 1,000 billion yuan < 1,000 billion yuan GDP Note: Data in nominal value Tier 1 city Non-tier 1 city Source: China Statistical Yearbook 2013, Other Statistical Yearbook 2013 (Provincial level: Fujian, Guangdong, Henan, Hubei, Jiangsu, Liaoning, Shaanxi, Shandong, Zhejiang; City level: Chengdu), CEIC 15

16 yuan GDP per capita of Shenzhen ranks first GDP per capita of all the 20 cities were higher than the national average (38,420 yuan) in 2012 GDP per capita of seven cities exceeded 100,000 yuan, namely Shenzhen, Wuxi, Ningbo, Suzhou, Hangzhou, Guangzhou and Dalian Chengdu, Wuhan and Nanjing recorded the fastest annual growth rate of GDP per capita at 16.6%, 16.3% and 16.1%, respectively Beijing Tianjin Shenyang Dalian GDP per capita by city, 2012 (% yoy growth) 140,000 12% 9% 120,000 8% 12% 10% 9% 13% 100,000 9% 80,000 60,000 40,000 20,000 13% 16% 7% 3% 9% 11% 16% 9% 11% 17% 13% Qingdao Xi an Zhengzhou Nanjing Shanghai Chengdu Wuxi Wuhan Suzhou Chongqing Hangzhou Ningbo Changsha 13% Xiamen Guangzhou Shenzhen > 100,000 yuan < 100,000 yuan GDP per capita 0 Note: Data in nominal value Tier 1 city Non-tier 1 city Source: China Statistical Yearbook 2013, Other Statistical Yearbook 2013 (Provincial level: Fujian, Guangdong, Henan, Hubei, Jiangsu, Liaoning, Shaanxi, Shandong, Zhejiang; City level: Chengdu), CEIC 16

17 million High population density in major cities Among the 20 cities, Chongqing municipality is the largest city in China in terms of population. Total population in Chongqing amounted to 29 million people in 2012 The population of the other three municipalities, Shanghai, Beijing and Tianjin, stood at 59 million in total The population of Guangzhou and Shenzhen together exceeded 23 million, accounted for 22% of total population in Guangdong province In Central China, Wuhan had the highest population at 10 million Population by city, Beijing Tianjin Qingdao Xi an Zhengzhou Nanjing Shanghai Chengdu Wuxi Wuhan Suzhou Chongqing Hangzhou Ningbo Changsha Xiamen Guangzhou Shenzhen Shenyang Dalian > 10 million < 10 million Population Note: Data in nominal value Tier 1 city Non-tier 1 city Source: China Statistical Yearbook 2013, Other Statistical Yearbook 2013 (Provincial level: Fujian, Guangdong, Henan, Hubei, Jiangsu, Liaoning, Shaanxi, Shandong; City level: Chengdu), Statistical Communique (Changsha), CEIC 17

18 billion yuan Retail markets in major cities stay strong In 2012, retail sales of consumer goods in Beijing and Shanghai ranked top among the 20 cities, amounted to 770 billion yuan and 741 billion yuan, respectively Most cities recorded double-digit growth in retail sales of consumer goods, except Shanghai Among the 20 cities, Chengdu recorded the fastest growth rate of 16.0% yoy, followed by Chongqing (15.7%), Dalian (15.6%) and Hangzhou (15.6%) Retail sales of consumer goods by city, 2012 (% yoy growth) % 9% 14% 16% 14% 16% 14% 16% 15% 15% 16% 16% 14% 15% 14% 15% 15% 15% 16% Beijing Tianjin Qingdao Xi an Zhengzhou Nanjing Shanghai Chengdu Wuxi Wuhan Suzhou Chongqing Hangzhou Ningbo Changsha 10% Xiamen Guangzhou Shenzhen Shenyang Dalian > 400 billion yuan < 400 billion yuan Retail sales of consumer goods Note: Data in nominal value Tier 1 city Non-tier 1 city Source: China Statistical Yearbook 2013, Other Statistical Yearbook 2013 (Provincial level: Fujian, Guangdong, Henan, Hubei, Liaoning, Shaanxi, Shandong, Zhejiang; City level: Chengdu), CEIC 18

19 yuan Urban households in major cities spend the most Among the 20 cities, urban households in Shenzhen, Shanghai, Suzhou earned the most and their disposable income reached 40,742 yuan, 40,188 yuan and 39,079 yuan (per person) in 2012, respectively On the other hand, people in Guangzhou and Shenzhen spent the most and their consumption expenditure amounted to 30,490 yuan and 26,728 yuan (per person), respectively The per capita income and expenditure of urban households by city, ,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Beijing Tianjin Qingdao Xi an Zhengzhou Nanjing Shanghai Chengdu Wuxi Wuhan Suzhou Chongqing Hangzhou Ningbo Changsha Xiamen Guangzhou Shenzhen Shenyang Dalian > 35,000 yuan < 35,000 yuan The per capita disposable income of urban households The per capita disposable income of urban households The per capita consumption expenditure of urban households Note: Data in nominal value Source: China Statistical Yearbook 2013, Other Statistical Yearbook 2013 (Provincial level: Fujian, Guangdong, Henan, Hubei, Jiangsu, Liaoning, Shaanxi, Shandong, Zhejiang; City level: Chengdu), Statistical Communique (Changsha, Hangzhou), CEIC 19

20 yuan Living standards of rural households in major cities improve Among the 20 cities, rural households in Suzhou, Wuxi, Ningbo earned the most and their net income reached 19,396 yuan, 18,509 yuan and 18,475 yuan (per person) in 2012, respectively On the other hand, people in Suzhou, Hangzhou and Wuxi spent the most and their consumption expenditure amounted to 14,381 yuan, 13,612 yuan and 12,795 yuan (per person), respectively The per capita income and expenditure of rural households by city, ,000 20,000 Beijing Tianjin Zhengzhou Nanjing Chengdu Wuxi Wuhan Chongqing Hangzhou Changsha Xiamen Guangzhou Shenyang Dalian Qingdao Shanghai Suzhou Ningbo > 15,000 yuan < 15,000 yuan The per capita net income of rural households 15,000 10,000 5,000 0 The per capita net income of rural households The per capita consumption expenditure of rural households Note: Data in nominal value, Data for Xi an are not available Source: China Statistical Yearbook 2013, Other Statistical Yearbook 2013 (Provincial level: Fujian, Guangdong, Henan, Hubei, Jiangsu, Liaoning, Shaanxi, Shandong, Zhejiang; City level: Chengdu), Statistical Communique (Changsha, Hangzhou, Wuhan), CEIC 20

21 Economic performance & commercial landscape of major cities 21

22 Beijing The capital of China and the country s political, cultural and educational center One of China s four municipalities, along with Shanghai, Tianjin and Chongqing Second largest city in China by urban population after Shanghai Ranks first in China in terms of the presence of international brands In 2011, the Beijing government promulgated the 12 th five year plan (FYP) of Beijing. Key development goals by 2015 (end of the 12 th FYP period): Major economic indicators 2012 yoy growth % GDP (billion yuan) 1, GDP per capita 87,475 7 GDP composition 0.8: 22.7: 76.5 Population (million) 21 - Retail sales (billion yuan) The per capita urban households disposable income 36, The per capita urban households consumption expenditure 24,046 9 The per capita rural households net income 16, The per capita rural households consumption expenditure 11,879 - Gross industrial output (billion yuan) 1,560 7 Export value (US$ billion) 60 1 Import value(us$ billion) Utilized foreign direct investment (US$ million) 8, Key development goals By 2015 GDP (annual growth rate, %) 8 Contribution of service industry to GDP (%) > 78 The per capita urban households disposable income The per capita rural households net income Beijing 8 8 Source: China Statistical Yearbook

23 Beijing Commercial districts and retailers Commercial districts Zhongguancun 中 關 村 商 圈 Major retailers Zhongguancun Shopping Centre 中 關 村 廣 場 購 物 中 心, EC Mall 歐 美 匯 購 物 中 心, Shopin 上 品 折 扣, Beijing Hualian 華 聯 商 廈 Zhongguan cun Gongzhufen 公 主 墳 商 圈 Cuiwei Department Store 翠 微 百 貨, Beijing URBAN-RURAL Trade Centre 城 鄉 貿 易 中 心, Beijing Hualian 華 聯 商 廈, Tianrui Mall 天 瑞 商 城 Xidan 西 單 商 圈 Wangfujing 王 府 井 商 圈 Xidan Department Store 西 單 商 場, Grand Pacific Mall 北 京 君 太 百 貨, Zhongyou Department Store 中 友 百 貨, 77 th Street Mall 77 街 購 物 中 心, Joy City 大 悅 城 Oriental Plaza 東 方 新 天 地 第 一 街, Sunlight Store 晨 曦 百 貨, APM Mall, Wangfujing Department Store 北 京 市 百 貨 大 樓, Haoyou World Shopping Mall 好 友 世 界 商 場, Wangfujing Food Market 王 府 井 食 品 商 場, Dong an Market 東 安 市 場, Lotte Intime Department Store 樂 天 銀 泰 百 貨 Gongzhufen Xidan Wangfu jing Sanlitun CBD Chaoqing Sanlitun 三 里 屯 商 圈 Taikoo Li 太 古 里 Shilihe 十 里 合 商 圈 Shilihe Household Building Materials Commercial Street 十 里 合 家 居 建 材 商 業 街 Shilihe CBD 商 圈 Parkview Green 芳 草 地 23 Source: Internet resources

24 Shanghai The largest city in China by population One of China s four municipalities, along with Beijing, Tianjin and Chongqing The largest consumer market among all mainland cities; the city s consumers are also being viewed as trendsetters for fashion and lifestyle products Foreign brands often choose Shanghai as point of entry into the China market In 2011, the Shanghai government promulgated the 12 th FYP of Shanghai. Key development goals by 2015 (end of the 12 th FYP period): Major economic indicators 2012 yoy growth % GDP (billion yuan) 2,018 5 GDP per capita 85,373 3 GDP composition 0.6: 38.9: 60.4 Population (million) 24 - Retail sales (billion yuan) The per capita urban households disposable income 40, The per capita urban households consumption expenditure 26,253 5 The per capita rural households net income 17, The per capita rural households consumption expenditure 11,972 - Gross industrial output (billion yuan) 3,190-2 Export value (US$ billion) Import value(us$ billion) Utilized foreign direct investment (US$ million) 15, Key development goals By 2015 GDP (annual growth rate, %) ~8 Contribution of service industry to GDP (%) ~65 Retail sales (billion yuan) 870 The per capita urban households disposable income Not less than the annual growth rate of GDP per capita Shanghai Source: China Statistical Yearbook

25 Shanghai Commercial districts and retailers Sizhuan North Road Commercial districts Sizhuan North Road 四 川 北 路 商 圈 Caojiadu 曹 家 渡 商 圈 Major retailers Jiajie International Plaza 嘉 傑 國 際 廣 場, PCD Department Store 巴 黎 春 天, Tobo Department Store 東 寶 百 貨, Toronto Plaza 多 倫 生 活 廣 場 PCD Department Store 巴 黎 春 天, New World Department Store 新 世 界 百 貨 Lujiazui Zhongshangongyuan 中 山 公 園 商 圈 Jingansi Nanjing Road West 靜 安 寺 南 京 西 路 商 圈 Renmin Plaza Nanjing Road East 人 民 廣 場 南 京 東 路 商 圈 Guangyi Department Store 光 一 百 貨, PCD Department Store 巴 黎 春 天, Cloud Nine Shopping Mall 龍 之 夢 購 物 中 心 Jiuguang Department Store 久 光 百 貨, Golden Eagle Department Store 金 鷹 國 際 購 物 中 心, West Gate Mall 梅 龍 鎮 廣 場, Heng Long Plaza 恆 隆 廣 場, EM Fashion 伊 美 時 尚, Isetan Department Store 伊 勢 丹 百 貨, Reel Department Store 芮 歐 百 貨 Baodaxiang Kids Mall 寶 大 祥 青 少 年 兒 童 購 物 中 心, New World City 新 世 界 城, Raffle City 上 海 來 福 士 廣 場, 818 Plaza 818 廣 場, Wing On Department Store 永 安 百 貨,Oriental City 東 方 商 廈, Shanghai No. 1 Department Store 上 海 第 一 百 貨 商 店, Bailian Plaza 百 聯 世 茂 國 際 廣 場, Sanlian Mall 三 聯 商 廈 Zhongshang gongyuan Caojiadu Zhangyang Road Lujiazui 陸 家 嘴 商 圈 Super Branded Mall 正 大 廣 場, IFC Shanghai 上 海 國 金 中 心, J.Life Mall 金 茂 時 尚 生 活 中 心 Zhangyang Road 張 揚 路 商 圈 Shanghai NEXTAGE department store 上 海 第 一 八 佰 伴 Huaihai Road Central 淮 海 中 路 商 圈 IAPM 環 貿 iapm 商 場, Oriental City 東 方 商 廈, K11, Pacific Department Store 太 平 洋 百 貨 Xujiahui 徐 家 匯 商 圈 Huijin Department Store 匯 金 百 貨, Pacific Department Store 太 平 洋 百 貨, Oriental City 東 方 商 廈, Shanghai No. 6 Department Store 上 海 六 百, Ganghui Plaza 港 匯 廣 場 Xujiahui Source: Internet resources 25

26 Guangzhou The capital city of Guangdong province The famous Canton Fair. The largest annual trade fair in China, thanks to the surrounding regions manufacturing bases Consumers are more willing to spend on food and drinks. Consumers in Guangzhou are pragmatic and rational. They spend more on food and drinks rather than on clothes or accessories In 2011, the Guangzhou government promulgated the 12 th FYP of Guangzhou. Key development goals by 2015 (end of the 12 th FYP period): Major economic indicators 2012 yoy growth % GDP (billion yuan) 1,355 9 GDP per capita 105,909 9 GDP composition 1.6: 34.8: 63.6 Population (million) 13 - Retail sales (billion yuan) The per capita urban households disposable income 38, The per capita urban households consumption expenditure 30,490 8 The per capita rural households net income 16, The per capita rural households consumption expenditure 10,965 - Gross industrial output (billion yuan) 1,486-5 Export value (US$ billion) 59 4 Import value(us$ billion) 58-2 Utilized foreign direct investment (US$ million) 4,575 7 Key development goals By 2015 GDP (billion yuan) 1,800 Contribution of service industry to GDP (%) 65 Retail sales (billion yuan) 800 The per capita urban households disposable income The per capita rural households net income Guangzhou 49,300 20,300 Source: Guangdong Statistical Yearbook

27 Guangzhou Commercial districts and retailers Commercial districts Tianhe 天 河 北 商 圈 Shangxia Jiu 上 下 九 商 圈 Zhujiang New Town 珠 江 新 城 商 圈 Beijing Road 北 京 路 商 圈 Huanshi East 環 市 東 商 圈 Major retailers Grandbuy Department Store 廣 州 百 貨, Mopark Department Store 摩 登 百 貨, Tee Mall 廣 州 天 河 城 廣 場, Grandview Plaza 正 佳 廣 場, Hongcheng Plaza 宏 城 廣 場, TaiKoo Hui 太 古 匯, One Link Walk 萬 菱 匯, Fashion Tianhe Commercial Plaza 時 尚 天 河, Huayi Department Store 華 億 百 貨, Friendship Shopping Centre 友 誼 商 店, Lit Department Store 麗 特 百 貨 Liwan Plaza 荔 灣 廣 場, Kang Wang Best Come Shopping Mall 康 王 柏 德 來 商 業 城, Heye Square 和 業 廣 場, Dongji Xintiandi Shopping Mall 東 急 新 天 地 購 物 廣 場, Hangbao Plaza 恆 寶 廣 場 Happy Valley Mall 太 陽 新 天 地, G.T. Land Plaza 高 德 置 地 廣 場, Grandbuy Department Store 廣 州 百 貨, Mall of the World 花 城 匯 廣 場, Friendship Shopping Centre 友 誼 商 店 Grandbuy Department Store 廣 州 百 貨, Mopark Department Store 摩 登 百 貨, Xindaxin Department Store 新 大 新 百 貨, Mayflower Plaza 五 月 花 商 業 廣 場, Mingsheng Plaza 名 盛 廣 場, Metro Mall 光 明 廣 場 Grandview East International Plaza 正 佳 東 方 國 際 廣 場, Baoli Central Plaza 保 利 中 環 廣 場, La Perle 麗 柏 廣 場, Friendship Shopping Centre 友 誼 商 店 Huanshi East Tianhe Beijing Road Shangxia Jiu Zhujiang New Town Source: Internet resources 27

28 Shenzhen A major city in southern China. Adjacent to Hong Kong, Shenzhen became the first Special Economic Zone in China in the 1980s The first stop in southern China for brands. Most international brands tend to choose Shenzhen as their first location to enter southern China China s largest migrant city. It attracts both white and blue-collar workers from the rest of the country to pursue economic opportunities In 2011, the Shenzhen government promulgated the 12 th FYP of Shenzhen. Key development goals by 2015 (end of the 12 th FYP period): Major economic indicators 2012 yoy growth % GDP (billion yuan) 1, GDP per capita 123, GDP composition 0.1: 44.3: 55.6 Population (million) 11 - Retail sales (billion yuan) The per capita urban households disposable income 40, The per capita urban households consumption expenditure 26, The per capita rural households net income - - The per capita rural households consumption expenditure - - Gross industrial output (billion yuan) 2,136 5 Export value (US$ billion) Import value(us$ billion) Utilized foreign direct investment (US$ million) 5, Key development goals By 2015 GDP (annual growth rate, %) 10 GDP per capita (US$) 20,000 Contribution of service industry to GDP (%) 60 Retail sales (billion yuan) 550 The per capita urban households disposable income Shenzhen 49,000 Source: Guangdong Statistical Yearbook

29 Shenzhen Commercial districts and retailers Commercial districts Caiwuwei 蔡 屋 圍 商 圈 Futian CBD 福 田 CBD 商 圈 Overseas Chinese Town 華 僑 城 商 圈 Houhai 后 海 商 圈 Major retailers Maoye Department Store 茂 業 百 貨, Rainbow Department Store 天 虹 百 貨, Shirble Department Store 歲 寶 百 貨, Lilian Sun Department Store 太 陽 百 貨, The Mixc 萬 象 城, King Glory Plaza 金 光 華 廣 場 Central Walk 中 心 城, CITIC Plaza 中 信 城 市 廣 場, Rainbow Department Store 天 虹 購 物 廣 場 Yitian Holiday Plaza 益 田 假 日 廣 場, KK Mall 京 基 百 納 新 生 活 廣 場, Tongluowan Department Store 銅 鑼 灣 百 貨 Haiya Department Store 海 雅 百 貨, Shirble Department Store 歲 寶 百 貨, Coastal City 海 岸 城, Baoli Culture Square 保 利 文 化 廣 場, Friendship Department Store 友 誼 城, Xinhe Shopping Plaza 信 和 購 物 廣 場, Rainbow Department Store 天 虹 百 貨 Houhai Overseas Chinese Town Futian CBD Caiwuwei Source: Internet resources 29

30 Changsha The capital city of Hunan province The largest consumer market in Hunan province. In 2012, the total retail sales of Changsha accounted for almost one-third of the province s total retail sales, a much larger share than other cities in Hunan In 2011, the Changsha government promulgated the 12 th FYP of Changsha. Key development goals by 2015 (end of the 12 th FYP period): Major economic indicators 2012 yoy growth % GDP (billion yuan) GDP per capita 89, GDP composition - Population (million) 7 - Retail sales (billion yuan) The per capita urban households disposable income 30, The per capita urban households consumption expenditure 19,460 8 The per capita rural households net income 15, The per capita rural households consumption expenditure 10,155 - Gross industrial output (billion yuan) - - Export value (US$ billion) 5 27 Import value(us$ billion) 4 3 Utilized foreign direct investment (US$ million) 2, Key development goals By 2015 GDP (billion yuan) 900 GDP per capita 120,000 Retail sales (billion yuan) 450 Urbanization rate (%) 70 The per capita urban households disposable income The per capita rural households net income Changsha >40,000 >20,000 Source: Statistical Communique, CEIC 30

31 Changsha Commercial districts and retailers Commercial districts Major retailers Hexi Wuyi Avenue 五 一 大 道 商 圈 Dongtang 東 塘 商 圈 Railway Station 長 沙 火 車 站 商 圈 Kaifu District 開 福 商 圈 Hongxing 紅 星 商 圈 Hexi 河 西 商 圈 Source: Internet resources Wangfujing Department Store 王 府 井 百 貨, Furong Square 芙 蓉 廣 場, Wanda Plaza 萬 達 廣 場, New World Department Store 新 世 界 百 貨, ID Mall 悅 方, Friendship Store 友 誼 商 店, Bailian Orient Shopping Centre 百 聯 東 方 商 廈, Pinghetang Shopping Centre 平 和 堂 購 物 廣 場 Friendship Shopping Centre 友 誼 商 城, Pinghetang Shopping Centre 平 和 堂 購 物 廣 場 Apollo Commercial Plaza 阿 波 羅 商 業 廣 場, Huahai 3C Square 華 海 3C 廣 場 Maison Mode 美 美 百 貨, Zhongshan Road Department Store 中 山 路 百 貨 大 樓, Wanda Plaza 萬 達 廣 場, Kaile International City 凱 樂 國 際 城, Shirble Department Store 歲 寶 百 貨 Taskin City Plaza 德 思 勤 城 市 廣 場, Rainbow Department Store 天 虹 百 貨, Xiangfu Department Store 湘 府 百 貨, Tongcheng Commercial Plaza 通 程 商 業 廣 場, Xiledi Shopping Centre 喜 樂 地 購 物 中 心 Aux Plaza 奧 克 斯 廣 場, Xiangteng Chengshi Square 湘 騰 城 市 廣 場, Shimao Brillanate Bay 世 茂 鉑 翠 灣, Greenland Central Plaza 綠 地 中 央 廣 場 Wuyi Avenue Dongtang Hongxing Railway Station 31

32 Chengdu The capital city of Sichuan Province International retailers often target Chengdu when they first entered Western China Extensive reach to the surrounding cities. Chengdu attracts affluent consumers from nearby cities and even from neighbouring provinces such as Shaanxi, Chongqing, Guizhou, Guangxi and Tibet High vacancy rate. According to Knight Frank, the vacancy rate of prime shopping centres in Chengdu was the highest among China s seven major cities in 2H12 In 2011, the Chengdu government promulgated the 12 th FYP of Chengdu. Key development goals by 2015 (end of the 12 th FYP period): Major economic indicators 2012 yoy growth % GDP (billion yuan) GDP per capita 57, GDP composition 4.3: 46.2: 49.5 Population (million) 14 - Retail sales (billion yuan) The per capita urban households disposable income 26, The per capita urban households consumption expenditure 18, The per capita rural households net income 11, The per capita rural households consumption expenditure 8,061 - Gross industrial output (billion yuan) Export value (US$ billion) Import value(us$ billion) Utilized foreign direct investment (US$ million) 8, Key development goals By 2015 GDP (billion yuan) > 1,000 GDP per capita (US$) >10,000 Contribution of service industry to GDP (%) 52 Urbanization rate (%) The per capita urban households disposable income (annual growth rate, %) The per capita rural households net income (annual growth rate, %) Chengdu ~12 * Seven major cities: Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Hangzhou, Chengdu Source: ChengduStatistical Yearbook 2013; China Retail Property Market Watch, 1H13 Knight Frank 32

33 Chengdu Commercial districts and retailers Commercial districts Major retailers Yanshikou, Chunxi Road 鹽 市 口. 春 熙 路 商 圈 Mengzhuiwan, Jianshe Road 猛 追 灣. 建 設 路 商 圈 New South Area 人 民 南 路 商 圈 Hongpailou, Shuangnan 紅 牌 樓. 雙 楠 商 圈 Luomashi 騾 馬 市 商 圈 Jingsha, Guanghua 金 沙. 光 華 商 圈 Source: Internet resources Champagne Square 香 檳 廣 場, Chicony Square 群 光 廣 場, Far Eastern Department Store 遠 東 百 貨, Hualian Commercial Building 成 都 華 聯 商 厦, Isetan Department Store 成 都 伊 勢 丹, Ito Yokado Department Store 成 都 伊 藤 洋 華 堂, Maoye Department Store 茂 業 百 貨, Maison Mode Department Store 美 美 力 誠 百 貨, New World Department Store 成 都 新 世 界 百 貨, Pacific Department Store 成 都 太 平 洋 百 貨, Parkson Department Store 成 都 摩 爾 百 盛, Renhe Spring Department Store 成 都 仁 和 春 天, Yanlord Landmark 成 都 仁 恒 置 地 廣 場, Sunshine Department Store 陽 光 百 貨, Wangfujing Department Store 成 都 王 府 井 百 貨, Daye Department Store 成 都 大 業 百 貨, Chunxi Department Store 成 都 春 熙 新 館 Hualian Donghuan Plaza 華 聯 東 環 廣 場, Ito Yokado 伊 藤 洋 華 堂, Paradise Walk 龍 湖 天 街, SM Megamall SM 廣 場, Laiya Dept Store 成 都 來 雅 百 貨 Dashijie Commercial Plaza 大 世 界 商 業 廣 場, Renhe Spring Department Store 仁 和 春 天 百 貨, Wangfujing Department Store 王 府 井 購 物 中 心, Raffles City 來 福 士 廣 場 Chengdu Shopping Centre 成 都 購 物 中 心, Dongshang Department Store 東 尚 百 貨, Hongpailou Square 紅 牌 樓 廣 場, Huada Shopping Mall 華 達 商 場, Ito Yokado 伊 藤 洋 華 堂, Ruyi Department Store 如 意 百 貨, Renmin Department Store 人 民 商 場, Roman Holiday Plaza 羅 馬 假 日 廣 場 CapitaMalls 凱 德 廣 場, Jinniu Wanda Plaza 金 牛 萬 達 廣 場, Pacific Department Store 太 平 洋 百 貨, Parkson Department Store 百 盛 百 貨, Ruyi Department Store 如 意 百 貨, Sanyou Department Store 三 友 百 貨, Sunshine Department Store 陽 光 百 貨, PCD Stores 時 代 巴 黎 春 天 百 貨, New Town Plaza 成 都 新 城 市 廣 場 Renhe Spring Plaza 仁 和 春 天 廣 場, Xinguanghua Plaza 新 光 華 廣 場, Jinyang Qianshen Department Store 晋 陽 千 盛 百 貨 購 物 廣 場 Jingsha, Guanghua New South Area Yanshikou, Chunxi Road 33

34 Chongqing One of China s four municipalities, along with Beijing, Shanghai and Tianjin Gateway to Western China. The government has put more efforts in balancing the economic growth between the eastern and western regions. Chongqing is the fastest growing economy in Western China Domestic companies dominated. According to Deloitte, domestic companies dominated Chongqing s retail sector, with international players capturing 3% of the market in However, international retailers are expanding fast In 2011, the Chongqing government promulgated the 12 th FYP of Chongqing. Key development goals by 2015 (end of the 12 th FYP period): Major economic indicators 2012 yoy growth % GDP (billion yuan) 1, GDP per capita 38, GDP composition - Population (million) 29 - Retail sales (billion yuan) The per capita urban households disposable income 22, The per capita urban households consumption expenditure 16, The per capita rural households net income 7, The per capita rural households consumption expenditure 5,019 - Gross industrial output (billion yuan) 1, Export value (US$ billion) Import value(us$ billion) Utilized foreign direct investment (US$ million) 10, Key development goals By 2015 GDP (billion yuan) 1,500 GDP per capita 50,000 Retail sales (billion yuan) 600 Urbanization rate (%) 60 The per capita urban households disposable income The per capita rural households net income Chongqing 31,000 12,000 Source: China Statistical Yearbook 2013; Hidden cities The next generation of retail markets, 2012 Deloitte 34

35 Chongqing Commercial districts and retailers Commercial districts Jiefangbei 解 放 碑 商 圈 Guangyingqiao 觀 音 橋 商 圈 Shapingba 沙 坪 壩 商 圈 Nanping 南 坪 商 圈 Yangjiaping 楊 家 坪 商 圈 Major retailers Pacific Department Store 重 慶 太 平 洋 百 貨, Golden Eagle Shopping Mall 金 鷹 財 富 中 心, Yingli International Financial Centre 英 利 國 際 購 物 中 心, SML Plaza 日 月 光 中 心 廣 場, Chongqing Times Square 重 慶 時 代 廣 場, Chongqing Department Store 重 慶 百 貨, Wangfujing Dept Store (Jiefangbei) 重 慶 王 府 井 ( 解 放 碑 店 ), Metropolitan Plaza 大 都 會 廣 場, Maison Mode 重 慶 美 美 百 貨 Maoye Department Store, Chongqing New World Department Store 新 世 界 百 貨, Chongqing New Century Department Store 新 世 紀 百 貨 ( 世 紀 新 都 ), Star 68 Light Plaza 星 光 68 廣 場, Far Eastern Department Store 遠 東 百 貨, Beicheng Tianjie Shopping Centre 北 城 天 街 購 物 廣 場, IMIX Park 大 融 城 XD Shopping Centre 炫 地 購 物 中 心, Huang Hua New Century Shopping Centre 煌 華 新 紀 元 購 物 廣 場, Sanxia Plaza 三 峽 廣 場, CapitaRetail 凱 德 廣 場, Wangfujing Dept Store (Shapingba) 重 慶 王 府 井 ( 沙 坪 壩 店 ), Liyang Dept Store 重 慶 立 洋 百 貨 Yuan Dan Shopping Centre 元 旦 廣 場 重 百 尚 熙 百 貨 店, New World Department Store (Jiangnan Commercial City) 重 庆 新 世 纪 百 货 ( 江 南 商 都 ), Sincere Starlight Times Square 協 信 星 光 時 代 廣 場, Wanda Plaza 萬 達 廣 場, Parkson Department Store (Nanping) 重 慶 南 坪 百 盛 New World Dept Store (Ruicheng Commercial City) 重 慶 新 世 紀 百 貨 ( 瑞 成 商 都 ), Paradise Walk 西 城 天 街 Guangyingqiao Shapingba Jiefangbei Nanping Yangjia ping Source: Internet resources 35

36 Dalian A major city and seaport in the south of Liaoning province The financial center of Northeast China Increasingly important in global trade due to its strengths in shipping, manufacturing, finance and tourism In 2011, the Dalian government promulgated the 12 th FYP of Dalian. Key development goals by 2015 (end of the 12 th FYP period): Major economic indicators 2012 yoy growth % GDP (billion yuan) GDP per capita 102, GDP composition 6.4: 51.9: 41.7 Population (million) 6 - Retail sales (billion yuan) The per capita urban households disposable income 27, The per capita urban households consumption expenditure 20,417 8 The per capita rural households net income 15, The per capita rural households consumption expenditure 7,639 - Gross industrial output (billion yuan) 1,035 - Export value (US$ billion) Import value(us$ billion) 29 2 Utilized foreign direct investment (US$ million) 12, Key development goals By 2015 GDP (billion yuan) >1,000 Contribution of service industry to GDP (%) 48 Retail sales (billion yuan) 373 Urbanization rate (%) >75 The per capita urban households disposable income The per capita rural households net income 42,600 24,700 Dalian Source: Liaoning Statistical Yearbook 2013, CEIC 36

37 Dalian Commercial districts and retailers Commercial districts Qingniwa 青 泥 窪 商 圈 Xi anlu 西 安 路 商 圈 Tianjin Pedestrian Street 天 津 街 步 行 購 物 一 條 街 Heping Square 和 平 廣 場 Changqun Road 長 春 路 商 圈 Source: Internet resources Major retailers Shengli Plaza 勝 利 廣 場, Pacific Department Store 太 平 洋 百 貨, MyKal Department Store 麥 凱 樂 大 連 商 場, Jiuguang Department Store 久 光 百 貨, Newmart Department Store 大 商 新 瑪 特 購 物 休 閒 廣 場 Tianxing Luosifu Mall 天 興 羅 斯 福 商 場, Parkson Department Store 百 盛 購 物 中 心, Jinhui Department Store 錦 輝 商 城, Dalian Friendship Department Store 友 誼 商 城 分 店, Wal-Mart Supermarket 沃 爾 瑪 超 市, MyKal Department Store 麥 凱 樂 大 連 商 場, Newmart Department Store 大 商 新 瑪 特 購 物 休 閒 廣 場 New World Department Store 新 世 界 百 貨, Jiazhaoye Plaza 佳 兆 業 廣 場 Heping Mall 凱 德 和 平 廣 場 Parkson Department Store 百 盛, Olympic Plaza 奧 林 匹 克 購 物 廣 場 37

38 Hangzhou Influx of leading luxury brands. Hangzhou ranks second in terms of luxury retailer concentration, according to Jones Lang LaSalle A popular tourist destination. In 2012, the total income of the tourism industry in Hangzhou was 139 billion yuan, with the number of tourists exceeding 85 million persons Traditional retail hubs like Wulin are undergoing renovations, while opportunities for faster growth will appear in suburban areas, such as Qianjiang CBD, according to DTZ In 2011, the Hangzhou government promulgated the 12 th FYP of Hangzhou. Key development goals by 2015 (end of the 12 th FYP period): Major economic indicators 2012 yoy growth % GDP (billion yuan) GDP per capita 111, GDP composition 3.3: 45.8: 50.9 Population (million) 9 - Retail sales (billion yuan) The per capita urban households disposable income 35, The per capita urban households consumption expenditure 22,800 1 The per capita rural households net income 17, The per capita rural households consumption expenditure 13,612 - Gross industrial output (billion yuan) 1,296 5 Export value (US$ billion) 41-1 Import value(us$ billion) 20-9 Utilized foreign direct investment (US$ million) 4,961 5 Key development goals By 2015 GDP (billion yuan) 1,000 GDP per capita 102,500 Contribution of service industry to GDP (%) ~54 Retail sales (billion yuan) 413 Urbanization rate (%) 74 The per capita urban households disposable income The per capita rural households net income Hangzhou 50,600 23,250 Source: Zhejiang Statistical Yearbook 2013; Statistical Communique, CEIC, DTZ, Jones Lang LaSalle 38

39 Hangzhou Commercial districts and retailers Commercial districts Wulin 武 林 商 圈 Hubin 湖 濱 商 圈 Qianjiang 錢 江 商 圈 Binjiang 濱 江 商 圈 Major retailers Intime Department Store 銀 泰 百 貨, Hangzhou Tower Shopping Centre 杭 州 大 厦 購 物 中 心, Hangzhou Dept Store 杭 州 百 貨 大 樓 Hangzhou Jiebai Dept Store 杭 州 解 百 新 世 紀 商 厦, Jiebai New Yuan Hua 解 百 新 元 華, Lixing Department Store 杭 州 利 星 名 品 廣 場, Intime Department Store (Xihu) 杭 州 銀 泰 百 貨 ( 西 湖 店 ) The Mixc Mall 杭 州 萬 象 城, Sasseur Life Plaza 砂 之 船 奧 特 萊 斯, Waow Plaza 娃 歐 商 場, GTLand Plaza 高 德 置 地 廣 場, Intime Dept Store (Qingchun) 杭 州 銀 泰 百 貨 ( 慶 春 店 ) Starlight International Plaza 星 光 國 際 廣 場 Wulin Hubin Source: Internet resources 39

40 Nanjing The capital city of Jiangsu province. Nanjing is the third largest economy after Suzhou and Wuxi in Jiangsu province A popular tourist destination. Nanjing is a distinctive cultural city, as it was an ancient capital for six dynasties. Shoppers in Nanjing tend to be locals or tourists from the north of Jiangsu or neighbouring Anhui province Wide range of low- to mid-end domestic and international brands. Department stores dominate the region but there is also a heavy concentration of shopping malls, but their positioning is generally lower than those in Shanghai In 2011, the Nanjing government promulgated the 12 th FYP of Nanjing. Key development goals by 2015 (end of the 12 th FYP period): Major economic indicators 2012 yoy growth % GDP (billion yuan) GDP per capita 88, GDP composition 2.6: 44.0: 53.4 Population (million) 8 - Retail sales (billion yuan) The per capita urban households disposable income 35, The per capita urban households consumption expenditure 22, The per capita rural households net income 14, The per capita rural households consumption expenditure 11,114 - Gross industrial output (billion yuan) 1, Export value (US$ billion) 32 3 Import value(us$ billion) Utilized foreign direct investment (US$ million) 4, Key development goals By 2015 GDP (billion yuan) >1,000 GDP per capita ~110,000 Contribution of service industry to GDP (%) 56 Urbanization rate (%) 83 The per capita urban households disposable income The per capita rural households net income Nanjing >50,000 >22,000 Source: Jiangsu Statistical Yearbook 2013, CEIC 40

41 Nanjing Commercial districts and retailers Jiangbei Commercial districts Major retailers Xinjiekou 新 街 口 商 圈 Gulou 鼓 樓 商 圈 Confucius Temple 夫 子 廟 商 圈 Hexi 河 西 萬 達 商 圈 Olympic Sports Centre 奧 體 商 圈 Jiangning 江 寧 商 圈 Xiaguan 下 關 商 圈 Zhongyangmen 中 央 門 商 圈 Jiangbei 江 北 商 圈 Deji Plaza 南 京 德 基 廣 場, Golden Eagle International Shopping Centre 南 京 金 鷹 國 際 購 物 中 心, Xinjiekou Department Store 南 京 新 街 口 百 貨 商 店, Central Emporium Plaza 南 京 中 央 商 場, Grand Ocean Department Store 南 京 大 洋 百 貨, Jinlun Xintiandi 金 輪 新 天 地, Orient Department Store 南 京 東 方 商 城 Yaohan Department Store 南 京 八 佰 伴, Nanjing Gulou Pacific Department Store 太 平 洋 百 貨, Suning Universal Shopping Centre 南 京 蘇 寧 環 球 購 物 中 心, Suning Galaxy (Shanxi) 南 京 蘇 寧 銀 河 ( 山 西 店 ), Nanjing International Centre 南 京 國 際 廣 場, Hunanlu Department Store 湖 南 路 商 場, Shanxilu Department Store 山 西 路 商 場 Aqua City 南 京 水 游 城, Shopping Fun 水 平 方, Nanjing Maoye Complex (not yet opened) 南 京 茂 業 天 地 ( 未 開 業 ), Ledu Plaza(not yet opened) 樂 都 匯 ( 未 開 業 ) Wanda Plaza 南 京 萬 達 購 物 廣 場 Nanjing Youth Olympic Games City (not yet opened) 青 奧 城 ( 未 開 業 ), Hexi CBD 河 西 CBD Jiangning Wanda Plaza (not yet opened) 江 寧 萬 達 廣 場 ( 未 開 業 ) Yueda International Shopping Center 悅 達 國 際 購 物 中 心, Daguantiandi Mall 大 觀 天 地 MALL Jinsheng Department Store 金 盛 百 貨 Hongyang Plaza 弘 陽 廣 場 Olympic Sports Centre Hexi Xiaguan Gulou Xinjie kou Confucius Temple Source: Internet resources Jiang ning 41

42 Ningbo Home to large number of entrepreneurs. Ningbo is the place of origin of many successful Chinese merchants Relatively low rental cost. Office and store rental rate is relatively low in Ningbo, as compared with Shanghai, Hangzhou and Nanjing Economic centre of South Yangtze River Delta. The government hopes to transform the city into a major base for advanced manufacturing and a centre for shipping finance In 2011, the Ningbo government promulgated the 12 th FYP of Ningbo. Key development goals by 2015 (end of the 12 th FYP period): Major economic indicators 2012 yoy growth % GDP (billion yuan) GDP per capita 114,065 8 GDP composition 4.1: 53.4: 42.5 Population (million) 8 - Retail sales (billion yuan) The per capita urban households disposable income 38, The per capita urban households consumption expenditure 23,288 7 The per capita rural households net income 18, The per capita rural households consumption expenditure 12,699 - Gross industrial output (billion yuan) 1,216 1 Export value (US$ billion) 61 1 Import value(us$ billion) 35-6 Utilized foreign direct investment (US$ million) 2,853 2 Key development goals By 2015 GDP (billion yuan) 1,000 GDP per capita 119,000 Urbanization rate (%) 70 The per capita urban households disposable income The per capita rural households net income Ningbo 48,580 23,500 Source: Zhejiang Statistical Yearbook 2013, Statistical Communique, CEIC 42

43 Ningbo Commercial districts and retailers Commercial districts Tianyi Square 天 一 商 圈 Yinzhou 鄞 州 商 圈 Jiangdong 江 東 商 圈 Jiangbei 江 北 商 圈 Major retailers Tianyi Plaza 天 一 廣 場, Ningbo No.2 Department Store 寧 波 第 二 百 貨 商 店, Orient Shopping Centre 寧 波 東 方 商 厦, Ningbo New Hualian Shopping Centre 寧 波 新 華 聯 商 厦, International Shopping Centre 國 際 購 物 中 心, Intime Department Store (Tianyi) 銀 泰 百 貨 ( 天 一 ), Intime Department Store (Dongmen) 銀 泰 百 貨 ( 東 門 店 ), Heyi Avenue Shopping Centre 和 義 大 道 購 物 中 心 Yinzhou Wanda Plaza 萬 達 廣 場 ( 鄞 州 ), Living all Plaza 聯 盛 國 際 商 業 廣 場, Smart Plaza 斯 瑪 特 廣 場, Incity Plaza 印 象 城, Qianhu Plaza 錢 湖 天 地, Intime Department Store (Yinzhou) 寧 波 銀 泰 百 貨 ( 鄞 州 ) New World Dept Store (Jiangdong) 寧 波 新 世 界 百 貨 ( 江 東 ), Intime Department Store (Jiangdong) 寧 波 銀 泰 百 貨 ( 江 東 ), Century Oriental Plaza 世 紀 東 方 商 業 廣 場, Tianlun Square 天 倫 廣 場 Ningbo Raffles City 寧 波 來 福 士 廣 場, Jiangbei Wanda Plaza 萬 達 廣 場 ( 江 北 ), Yinyi Haide Commercial Centre 銀 億 海 德 商 業 中 心 Tianyi Square Yinzhou Source: Internet resources 43

44 Qingdao One of China s most important coastal port cities The city has a relatively well-developed tourism sector, spending by visitors has a noticeable effect on retail performance Pillar industries in the city include electronics, petrochemicals, fine chemicals, automobiles, machinery, metallurgy, building materials, biopharmaceuticals, textiles and garments, and food- and beverage-processing In 2011, the Qingdao government promulgated the 12 th FYP of Qingdao. Key development goals by 2015 (end of the 12 th FYP period): Major economic indicators 2012 yoy growth % GDP (billion yuan) GDP per capita 82,680 9 GDP composition 4.4: 46.6: 49.0 Population (million) 9 - Retail sales (billion yuan) The per capita urban households disposable income 32, The per capita urban households consumption expenditure 20,391 6 The per capita rural households net income 13, The per capita rural households consumption expenditure 8,653 - Gross industrial output (billion yuan) 1, Export value (US$ billion) 41 1 Import value(us$ billion) 32 2 Utilized foreign direct investment (US$ million) 4, Key development goals By 2015 GDP (billion yuan) 1,000 GDP per capita 100,000 Contribution of service industry to GDP (%) 57 Urbanization rate (%) 75 The per capita urban households disposable income (annual growth rate, %) The per capita rural households net income (annual growth rate, %) Qingdao Source: Shandong Statistical Yearbook

45 Qingdao Commercial districts and retailers Commercial districts Hong Kong Road 香 港 路 商 圈 Taidong 台 東 商 圈 Licun 李 村 商 圈 Fushanhou 浮 山 後 商 圈 Xinduxin 新 都 心 商 圈 Zhongshan road 中 山 路 商 圈 Licang Pedestrian street 李 滄 步 行 街 商 圈 Major retailers MyKal Department Store 麥 凱 樂 商 場, Sunshine Department Store 陽 光 百 貨, Aeon 永 旺, Carrefour 家 樂 福, Hisense Plaza 海 信 廣 場 Wanda Plaza 萬 達 廣 場, Wal-Mart 沃 爾 瑪, Liqun Department Store 利 群 商 廈 Bei Fang Guo Mao 北 方 國 貿, Likelai Shopping Mall 利 客 來 購 物 中 心 Fengtianhui Shopping Mall 奉 天 惠 購 物 廣 場, Lotus Supermarket 易 初 蓮 花 Likelai Shopping Mall 佳 世 客, 凱 德 廣 場 Likelai Shopping Mall 悅 喜 客 來 購 物 廣 場, Liqun Qianhai Shopping Mall 利 群 集 團 前 海 購 物 廣 場, Zhongshan Mall 中 山 商 城, Parkson Department Store 百 盛 購 物 中 心 Laoshan Department Store 嶗 山 百 貨, Bei Fang Guo Mao 北 方 國 貿, Likelai Shopping Mall 利 客 來 Hong Kong Road Zhongshan Road Taidong Fushanhou Source: Internet resources 45

46 Shenyang An important industrial center in China; pillar industries include heavy industry, particularly aerospace, machine tools, heavy equipment and defense, and recently on software, automotive and electronics Consumers from cities and counties around Shenyang all come to Shenyang for shopping More than half of the shopping malls, with an average age of 2.5 years, according to Jones Lang LaSalle In 2011, the Shenyang government promulgated the 12 th FYP of Shenyang. Key development goals by 2015 (end of the 12 th FYP period): Major economic indicators 2012 yoy growth % GDP (billion yuan) GDP per capita 80, GDP composition 4.8: 51.2: 44.0 Population (million) 7 - Retail sales (billion yuan) The per capita urban households disposable income 26, The per capita urban households consumption expenditure 20, The per capita rural households net income 13, The per capita rural households consumption expenditure 6,631 - Gross industrial output (billion yuan) 1, Export value (US$ billion) 6 23 Import value(us$ billion) 7 17 Utilized foreign direct investment (US$ million) 5,804 5 Key development goals By 2015 GDP (annual growth rate, %) >12 GDP per capita >100,000 Contribution of service industry to GDP (%) 46.1 Retail sales (annual growth rate, %) >13 The per capita urban households disposable income (annual growth rate, %) The per capita rural households net income (annual growth rate, %) Shenyang >12 >13 Source: Liaoning Statistical Yearbook 2013, CEIC, Jones Lang LaSalle 46