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Five Years Into the International Consumption Center Initiative, What’s Different About Guangzhou Now? - 36Kr

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Key summary

2 min read
  1. After five years as a pilot for building an international consumption center city, Guangzhou has upgraded across consumption scale, foreign trade, brands, inbound spending, and experiential commerce.

  2. The city has become one of China’s “dual-trillion” cities in both consumption and trade, while major high-end commercial projects continue to accelerate.

  3. Local companies such as SHEIN have grown rapidly, and Guangzhou’s inbound payment and tax-refund systems have become more complete.

  4. New consumption scenarios, first-launch economy, and integrated commerce-tourism-culture-sports activities are helping Guangzhou shift from a goods hub to a global consumption destination.

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