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Hangzhou has been a prosperous commercial city since early times. Now Hangzhou has been developed into a city with abundant commodities, comfortable shopping environment and excellent service. Since there is a beautiful West Lake in Hangzhou, the city is a combination of tourism, shopping, entertainment and leisure, and it is regarded as "Paradise". The Hangzhou commercial industry has great variety. It has not only big retail department stores, all sorts of exclusive selling stores, chain super markets, markets that sell specific goods, but also high-grade hotels, restaurants and entertainment centers. Jiefang Road and Yanan Road are the busy commercial streets in the city proper. There are countless stores on the sides of the roads. In 1996, the city's retail sales income was 27.27 billion yuan RMB, which is 11.6% higher than the previous year. There were 11 department stores whose annual sales income reached 100 million yuan RMB. Hangzhou Jiebai Group Co., Ltd. and Baida Group Co., Ltd. are the biggest retail department stores in Hangzhou, which are a combination of stores, hotels, restaurants and recreation. Their annual sales incomes are over 1 billion yuan RMB and they rank 17th and 23rd respectively in China's retail enterprises. The stocks of both companies are in the stock market