| Hangzhou General Wholesale Company, the largest wholesale enterprise for general merchandise in Zhejiang Province, is also officially considered as one of the five hundred excellent service corporation for four times in P.R.China ever since 1993. Hangzhou General Wholesale Company is 45 years old, with 16 specialized branches and shopping centres that deal in as many as 25,000 sorts of goods, such as cotton and nylon clothing, clocks, watches and sewing machines, enamel and aluminium ware, glass ware and china ware, shoes and headgear, hardware and household electrical ware, knitwear and textile, furniture and stationery, almost including everything that daily life needs. Since the company has got steady resources at home and abroad for commodities, it has owned very large business network which id running quite well throughout the country. Due to the hard work of the professional staff in the company, the well-equipped store houses covering an area of 40,000 m2 altogether, and the network of the modern computers helping the operation and management, the company has gained the total sales of RMB 1.04 billion with the profit of RMB 9.08 million so that its assets reaches as much as RMB 247 million, increasing greatly the rate of 22.13%, 19% and 14.35% separately. It is the reform and open-door policy that leads the company to the rapid development both in wholesale and retail business deals, and therefore another building (with an area of about 30,000 m2), splendid and magnificent, was completed at the end of 1996 which is located in the middle of Qingchun Road of Hangzhou City, P.R.China. As a result, an entirely new shopping centre named JIA YOU (meaning a friend of every family in Chinese). Supermarket will be scheduled to open to the public in October, 1997 as a sign of the milestone in its development. |