Hanzheng Street, Wuhan: "The First Street In The World" Continues To Write Brilliantly

　　 Hanzheng Street Located at the junction of the Yangtze River and the Han River, it has bred the commercial civilization of the old Hankou. Although the vicissitudes of the past 500 years have changed dramatically, Hanzheng Street's commercial pulse has always been continuous. Since the beginning of the Ming and Qing Dynasties, Hanzheng Street has attracted eight party merchants to make use of the benefits of land and water transportation. It has created the brilliance of "ten miles of sailing in the city, all the lights and the night."
In 1979, Hanzheng Street took the lead in breaking the shackles of the planned economic system in the circulation field, and once again emerged with the spirit of big market and great circulation, winning the reputation of "the first street in the world" and accomplishments the myth of "goods arriving in Hankou".

After the third Plenary Session of the 11th CPC Central Committee, the small business began to recover in Hanzheng Street. In October 1979, Wuhan took the lead in breaking the fence in the whole country and decided to resume the development of the individual economy. The Qiaokou industrial and commercial bureau has handled the individual business licenses for 103 small traders in Hanzheng Street, and has also given preferential treatment policies such as tax relief and management fees.

In 1983, Hanzheng Street's self-employed households grew to 991. Sale The total amount is 120 million yuan, and the self-employed person is running over 1600 meters long in Hanzheng Street to set up a street market.

In 1988, Wuhan listed Hanzheng Street as an experimental area for economic reform, allowing merchants from different economic sectors and different regions to participate in the market operation. Hanzheng Street self-employed households began to develop "family factories" before the shops, self produced, sold locally, purchased locally, processed locally, and sold locally. Many large individual households took the form of leasing, contracting, joint venture, joint venture, share purchase, and so on to expand the scale of operation.

In 1990, the first professional market in Hanzheng Street Market -- Hanzheng Street. clothing The completion of the trading building has become the first successful attempt of Hanzheng Street market to achieve a retreat and enter into a specialized operation. From 1984 to 1991, the street from Hanzheng Street to the indoor professional market not only spread the whole country, but also participated in the border trade between Burma, Thailand and Russia, and became the top of the ten large and small commodity markets in the country.

In 1992, Deng Xiaoping's speech after the South inspection stimulated the enthusiasm of Hanzheng Street's self-employed households to scale up their economies. From 1992 to 1999, Hanzheng Street completed the one or two and three phase of the old city reconstruction project, and 12 real estate developers stationed in Hanzheng Street, with a total investment of nearly 5 billion yuan. The transformed Hanzheng Street market has formed 500 thousand business areas, 64 large and medium-sized indoor specialized markets, and 1.67 square kilometers of commercial and commercial development zones. By 1999, there were more than 10000 merchants in the market, with sales amounting to 12 billion yuan.

In 2000, Hanzheng Street's "two venture" was located in the shopping and tourism area, promoting the transformation and upgrading of the market. There are five major developers, including Longteng, Chun Jiang, mainland bridge, Guohua gift and Xu Dong, nearly 5 billion of their funds are stationed in Hanzheng Street. A number of multi-functional and high-grade shopping centers and special blocks with general distribution and general agent as the main body have been built into Hanzheng Street's First Avenue, Ji Ji mall and Hanzheng Street brand clothing wholesale square.

Since the beginning of the new century, despite the prosperity of Hanzheng Street's market development, the development of its backward industry, densely populated, mixed business, traffic congestion, urban mess, and frequent fires has been out of step with its central location, resulting in hidden dangers and hidden dangers.

In 2011, Hanzheng Street launched a comprehensive renovation and relocation and transformation. Hanzheng Street will usher in another comprehensive version upgrade, so as to continue the 500 year history of Hanzheng Street. After the transformation, Hanzheng Street is positioned as a world-class Waterfront Business and tourism area (TBD) integrating leisure tourism, e-commerce, trade circulation and cultural exhibition.