The "new business circle" featured with high-end fashion consumption and car culture has been a focus of Tianjin's Wuqing district over the years.
Between January and July this year, the "new business circle" of Wuqing district amassed a total revenue of 2.66 billion yuan ($370.77 million).
To further promote the development of its "new business circle" and local consumption, Wuqing district is expected to focus on three things in the second half of the year.
New business formats will be introduced in the district. A group of high-quality projects, including new fashion brands, a renowned century-old restaurant and an international racing car exhibition hall are to settle in the area.
In addition, Wuqing will facilitate the integration of local agriculture, commerce, culture, tourism and sports industries. Taking advantage of the national holidays, Wuqing will launch a series of cultural tourism promotion activities to attract more visitors from the Beijing-Tianjin-Hebei region.
Meanwhile, an annual investment of 40 million yuan from Wuqing's local authority will be dedicated to organizing major exhibitions, performances and establishing a smart platform construction.
"Going forward, we will continue to integrate local advantageous resources to enrich consumption scenarios, extend the consumption chain and promote local consumption, further contributing to the construction of Tianjin as an international consumption hub," said Jiang Shuying, deputy head of Tianjin's Wuqing district.