COMMERCIAL RADIATION RADIUS: Nanchong has been historically known as a major town of commerce, and is now the largest general producer of grains, pork, silk and small items in Northeast Sichuan, claiming a market of more than 33 million people. The city has been ranking at 2nd and 3rd place in Sichuan Province in terms of total commodity retail sales, and functions as the trade and logistics center of Northeast Sichuan, and a key commercial and logistic hub of Chengdu-Chongqing Economic Belt in its access to the Middle and Western China.
COMMERCIAL ENVIRONMENT: retail giants such as Carrefour, RT Mart, Unimart, Trust Mart, Chengdu Department Store, Chengdu Department Emporium, New Century Department Store, Suning, Guomei and Shenghuatang Department Sotre have all established their presence in the city, and together formed a flourishing and dynamic commercial structure incorporated of markets, supercenters, chain stores and distributions. By 2020, the city of Nanchong will establish a commercial structure of multiple layers centered on the Wuxing Huayuan Business Center, supported by district commercial centers at Gaoping, Jialing, Qingquanba, Longmen, Langzhong, and Yingshan, and complimented by 30 community commercial service centers.
LOGISTICS SYSTEM: the city boasts 10 key specialty markets and 3 major district logistics distribution centers, and sees a formation of supply and sales network of fresh agricultural products, and area chain store market in Northeast Sichuan, reinforcing the city’s status as the modern commercial and logistics center of Northeast Sichuan.
FINANCIAL AND INSURANCE SERVICES: the city is home to 11 financial institutes, up to one hundred of security trade sites, more than 20 insurance organizations, the first rural & town bank, the first public-benefit loan company and the first foreign-owned small credit loan company in China, and the first urban commercial bank among 2nd-tier cities in China and the cities in Southwest China with strategic foreign investors, making the city the financial center of Northeast Sichuan and a frontier city of financial reforms.
CUSTOM INSPECTION AND CLEARANCE PORTAL: China Customs and Entry-Exit Inspection and Quarantine Bureau have all set up their presence in Nanchong, making it possible for direct declaration, sealing and signoff of import and export products.