Guangzhou's Tianhe district recently released its development plan for its modern business trade industry during the 14th Five-Year Plan period (2021-25).

According to the plan, the added value of the district's modern business trade industry will account for 15 percent of its GDP by 2025.

Tianhe district is full of tall buildings. [Photo/thnet.gov.cn]

By 2025, the retail sales of goods sold online will see an annual growth rate of over 15 percent, with the total value exceeding 30 billion yuan ($4.14 billion). Total commodity sales will increase by 10 percent to 1.5 trillion yuan, while the total retail sales of consumer goods will reach 230 billion yuan, with a growth of 5.3 percent.

Tianhe plans to cultivate 10 commercial and trade centers with sales totaling over 1 billion yuan, and it will build commercial areas measuring 450,000 square meters across the district by 2025. Construction of smart business circles will be sped up in Tianhe, creating a batch of cultural and tourism consumption gathering areas and demonstration projects for the integration of culture, business, tourism and sports.

Vibrant Tianhe at night. [Photo/thnet.gov.cn]

By 2025, the district aims to attract the regional headquarters of well-known global brands, as well as foster a group of leading brand enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area and the country as a whole.

Centered on the fields of bulk commodities, automobile sales, e-commerce, pharmaceutical circulation, and high-end hotels, over 50 key enterprises will be added in the district, as well as some 10 enterprises with sales of over 10 billion yuan.

Tianhe will also keep improving its business environment. On the premise of optimizing its market supervision, it will further relax its access and qualification approval conditions and improve its business integrity system.