Sou Hu Cai Jing·2025-08-22 02:12Core Insights - Wuhan is promoting both domestic demand and foreign trade, aiming to share the industrial benefits of its development with the world [3] - The city is positioning itself as an international consumption center, with a focus on enhancing consumer experiences and expanding high-quality consumption [4][5] Domestic Consumption - Wuhan SKP, opened in July 2022, has attracted nearly 20 million visitors in its first year and features over 1,000 international brands, making it the most comprehensive international brand mall in Central China [4] - The mall's unique "box + K Avenue" model, which includes 42 standalone stores, is designed to enhance consumer engagement and attract foot traffic [5] - The introduction of a tax refund policy for outbound travelers is expected to boost consumption and transform tourism into a more significant economic driver [6] Cross-Border E-commerce - The Alibaba Global AliExpress (Wuhan) Cross-Border E-commerce Industrial Park has facilitated over 1 billion yuan in import and export trade for local businesses within its first year [8] - The park serves as a training hub for companies looking to expand internationally, helping them navigate overseas markets and increase sales [8] - From January to July this year, the park has helped local enterprises achieve a trade volume of 3.4 billion yuan, more than three times the total for the previous year [9] Trade Growth - Wuhan's total import and export value reached 214.27 billion yuan in the first half of the year, marking a 22.3% year-on-year increase and accounting for 53.3% of Hubei province's total trade [9] - This growth rate is 13.6 percentage points higher than the same period last year, indicating a sustained double-digit growth trend [9]