Core Insights - Wuhan has ranked 9th in the national digital economy competitiveness list for 2025, showing a consistent upward trend over the past two years [1] - The core industries of Wuhan's digital economy have seen an annual growth rate of over 10% during the 14th Five-Year Plan period, contributing increasingly to the city's GDP [1] - The total invoiced amount for Wuhan's digital economy core industries reached 554.86 billion yuan from January to September 2025, marking a 16% year-on-year increase [1] Tax Incentives and Innovation - Tax incentives have significantly benefited companies like Xuri Blue Sky Technology Co., which developed the X480 drone, leading to a tax reduction of approximately 700,000 yuan from January to October 2025 [3] - Wuhan University of Technology Digital Communication Engineering Co. has also benefited from tax policies, saving 141 million yuan in corporate income tax, which has been reinvested into the development of its AI model, BOOKSGPT [3][4] - The total tax reductions and refunds from the Wuhan tax department for supporting technological innovation reached 46.489 billion yuan from January to August 2025 [4] Emerging Industries and Economic Growth - The digital economy now accounts for over 50% of Wuhan's GDP, with the city leading in the development of data factor markets in central China [7] - Wuhan has established itself as a hub for artificial intelligence, with over 1,000 related companies and significant advancements in AI technology and products [7] - The low-altitude economy is opening new development avenues for Wuhan, with over 1,600 planned flight routes and more than 53,000 flight operations recorded [8][9] Tax Policy and Compliance - The tax department has implemented risk warning mechanisms to help companies navigate new business models and ensure compliance with tax regulations [5][6] - The establishment of a project-based R&D expense accounting system has been crucial for companies developing large models, ensuring they fully benefit from national policy incentives [6] Overall Economic Performance - From January to September 2025, the purchase of modern services by enterprises in Wuhan increased by 11.5%, with significant growth in information technology and R&D services [9] - The advanced manufacturing sectors, including integrated circuits, robotics, and drones, have seen a 11.7% year-on-year increase in invoiced amounts [9]