Analysis on Development Strategy of China＇s Commercial Street： A Case Study of Hangzhou City

China is arranging a boom of commercial street development across the country and Hangzhou works as an outstanding example. Commercial street economy is boosting China＇s urbanization and industry prosperity. Concerning on the rapid and sound development of commercial street in China, this paper introduces many problems and conflicts that block domestic commercial street development. With the guidances of China Commercial Walking Street Committee and Hangzhou Bureau of Economy and Trade, data analysis by Hangzhou Municipal Bureau of Statistics, and case study of commercial streets in Hangzhou, the paper states that commercial street development beyond China＇s socialism economic system should follow the guidance of scientific outlook on development, insist on government-led and market-driven, design first and service-oriented, and highlight core feature and comprehensive facility. Also, it is essential to unify and ensure legal status of management committee, and streamline organizational structure, balance between interest groups, weaken conflicts of public and private, and promote industry association development and privately-operated public affairs to ensure sustainable development of commercial street, which will truly benefit domestic urbanization as well as improve people＇s material and cultural life. For the other developing countries in the urgent progress of industrialization and urbanization, the paper is expected to be guidelines.