Wuhan has long been the center of commerce,trade and finance in the middle reaches of the Yangtze River.A saying handed down from the past history goes loke this."goods sell well when they reach Hankou".At the turn from Ming Dynasy to Qing Dynasty,Hankou emerged as one of top 4 Famous Towns in China and "the mo st flourishing and bustling place in central China".
In the beginning of last century.Hankou was once the second binggest port city in the country and one of China's top 4 financial centers. Today ,this strategic city is still the rendezvous of businessmen and as busy and bustling as before.Up to date,the city ishome to app roximately 120 thousand shopping networks and stores.Of this total.3 retailers based in Wuhan are among China's top 30 franchising enterprises. The city'stotal retail sales of consumer goods surpassed 100 billion RMB yuan.
A number of international retail giants including Carrefour of France.Metro of Germany and Wal-Mart of the United States have
set up operations in Wuhan one after another and gives great momentum to the loval retail sector.Wuhan'sfinancial sector and
other state-owned commercial banks estabilshed regional headquarters in the city. Societe Generale of France has opened its branch band and dozens of other foreign banks and insurers have their ropresentative offices in Wuhan. |