Summary: Huang Huajun, president of First Business Network with low cost and market space, believes that the focus of the Third Plenary Session of the Seventeenth Central Committee on "new land reform" is a very obvious signal. The free circulation of land means that farmers will become more purchasing power, and they will promote a new huge consumer market, and the cost of entering these markets may be the cheapest at present. In addition, the impact of the economic crisis on the retail market in first-tier cities has gradually emerged. Since last year 10, the operation of the industry has obviously deteriorated. Shanghai's retail sales in June 5438+ 10 showed the first year-on-year decline in recent years, and the decline rate reached 1 1.8%. The growth rate of supermarkets and hypermarkets slowed down, with sales increasing by 1 1.5% and1.4% respectively, which were 10 and 3. 1 percentage points lower than those in September. Convenience stores plunged1.3% year-on-year; Household appliances, jewelry and other industries dropped significantly year-on-year. Accordingly, the consumer confidence expectation index shows an obvious downward trend. On June 5438+ 10, the consumer satisfaction index dropped to 89.8, the lowest point since 2000, while the consumer confidence index was 92.4 and the consumer expectation index was 94.2, which was also the lower level since 2004. In the second-and third-tier cities and towns with underdeveloped economy and increasing urbanization level, although the real estate price has plummeted and residents' personalized consumption desire has declined, the stronger price sensitivity of local residents has enabled Wal-Mart, a foreign retail giant known as "everyday parity" and specializing in residents' daily life, to find a good opportunity to take advantage of low prices. Even some retailers that have failed to make a big impact in first-tier cities have gained new life in the process of developing to the local area. Take RT Mart, a Taiwanese retail enterprise, as an example. Although it didn't open in Guangzhou, it did well in Huadu, Daliang and Shaoguan. Before New Year's Day, the bank chose Zhaoqing as its100th branch in Chinese mainland. See:/epaper/nfds/content/20090109/articelc14002fm.htm for details.