NnaFang Building has been a star enterprise in the coun-try.Front its establishment in 1954 to the beginning of987,it had continuously been the biggest retail storein south China.Its various economic indicators ranked firstin the same business line in the country in 1983,and havekept standing in the first 10 places ever since.With the continuous deepening of reform and being opento the outside and the gradual maturation of market envi-ronment,the business on department stores has been thefocus of investment by domestic and foreign consortia andenterprises while the competition tends to be heated.More-over,as Guangzhou urban construction has been transferredeastwards,South Building’s geographical position of busi-ness center has been gradually lost.
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