The total retail sales of consumer goods in Chaoyang District reached CNY 27.87 billion in April, marking a growth rate of 13.6 percent. The district took first place among others in Beijing with the introduction of 174 first stores of different brands during the first five months. Moreover, the district added 582 new investment projects to the project pool in the first five months, with the number ranking top in the city. The estimated new investment achieved CNY 96.9 billion, while the estimated new foreign investment reached USD 6.35 billion, both figures ranking first among other districts in Beijing. 

Chaoyang District has developed a comprehensive consumption map that covers the entire region. The map features a CBD international business district valued at approximately CNY 100 billion, six major business districts connected to Metro Line 14, including SKP Beijing, a shopping center with top sales performance around the world, and another three major business districts, including Sanlitun, along the Liangma River. Chaoyang District announced the construction of ten major commercial complexes in the eastern, western, and northern regions of the district in 2023. THE BOX Youth Energy Center, which is highlighted by its NBA HOOP PARK, is a typical example among these complexes. 

Chaoyang District has become a location for global first-tier brands, with approximately 90 percent of these brands having already established their stores here. 

The district boasts a total of 1,588 various first stores, accounting for around 60% of the total number in Beijing. Besides, the district boasts 68 percent of Black Pearl restaurants and 60% of Michelin-starred restaurants in Beijing, along with 41% of cafes and 30% of teahouses.

Chaoyang District sent delegations to Europe to attract foreign investment at the beginning of 2023, positioning itself as a leader among other districts in the city. Another delegation was sent to Saudi Arabia and the United Arab Emirates approximately four months later to explore potential partnerships that can promote the high-quality development of the district. 

(Source: Publicity Department of the CPC Chaoyang District Committee of Beijing Municipality)