Core Viewpoint - The revitalization of the Xiahao Old Street in Chongqing has successfully transformed the area into a vibrant cultural and commercial hub, attracting millions of visitors and numerous businesses since its reopening in November 2022 [5][9]. Group 1: Revitalization and Development - The Xiahao Old Street project has introduced 133 merchants and brands, achieving a 100% occupancy rate, and has received 6.8 million visitors since its reopening [5]. - The restoration plan initiated in 2017 involved the renovation of 75 buildings, integrating natural, cultural, artistic, and digital elements into the area's redevelopment [5]. - The average daily foot traffic in Xiahao Old Street now attracts over 10,000 citizens and tourists [5]. Group 2: Economic Impact - The nearby Chongqing Opening Heritage Park has also seen significant visitor numbers, with nearly 6 million visitors since its opening in September 2023, featuring around 50 unique businesses and over 30 first stores [9]. - The South Bank District is accelerating the development of an international consumption center, integrating diverse consumption scenarios such as dining, tourism, shopping, and entertainment [9]. - The district's cultural and entertainment sectors are projected to grow by 39.5% in 2024, with a remarkable increase of 50.1% in the first four months of this year [11]. Group 3: Consumer Trends - Chongqing has developed a diverse consumption space system called "Jiangya Street Cave Heaven," which includes various consumer scenarios that stimulate economic growth [13]. - The city recorded a retail sales total of 283.18 billion yuan in the first two months of this year, making it the highest in China [13]. - The number of overnight foreign tourists in Chongqing is expected to increase by 273% in 2024, with a 490% surge during the recent May Day holiday [11].