Luohu's consumption sector has grown rapidly over the past decade.
Statistics show that the total retail sales of consumer goods in the district increased from 83.5 billion yuan ($11.57 billion) in 2012 to 130.2 billion yuan in 2021, with an average annual growth rate of 5.1%.
Be it issuing consumption coupons, taking the lead in piloting digital renminbi consumption, or vigorously developing the first-store economy and night economy, Luohu has taken a proactive role in promoting consumption.
District officials are stepping up efforts to transform Luohu into a core area of Shenzhen's international consumption hub.