Why is Renqiu Trade City closed?

Renqiu Trade City is a large shopping mall located in Renqiu City, Cangzhou City, Hebei Province, and also a famous local commercial gathering area. However, as of 202 1, Renqiu Trade City has been completely shut down and demolished. The main reason is that Renqiu municipal government decided to demolish and transform the old industrial zone to realize urban renewal and modernization. The area where Renqiu Trade City is located was included in the scope of this demolition, so it was forcibly closed and demolished. In addition, in the development history of Renqiu Trade City, there have also been problems such as poor business management and insufficient rent, which also accelerated the closure of the Trade City. It is worth mentioning that although Renqiu Trade City has been closed, the commercial development of Renqiu City has not stagnated. The municipal government is actively building a new business center to attract more merchants and consumers and promote the rapid development of Renqiu economy.