In 2009, Shanghai officially announced plans to build Hongqiao CBD around a transportation hub, rebranding it as the Shanghai Hongqiao International Central Business District in August 2021. With the China International Import Expo (CIIE) as the driving force, Hongqiao CBD has developed in leaps and bounds. The CBD aims to deepen the influence exerted by CIIE, implement measures to streamline services for talents in commerce and trade, comprehensively enhance its service ecosystem, and further invigorate the regional economy.
Over the past three years, import and export volume in the Hongqiao International CBD has grown from 24.13 billion yuan ($3.37 billion) to 75.93 billion yuan, reflecting significant progress in trade. Specifically, cross-border e-commerce has delivered impressive performance, with Hongqiao CBD Bonded Logistics Center ranking first in the city for both cross-border e-commerce orders and sales. With the help of the CIIE platform, Shanghai Hongqiao International CBD is establishing itself as a distribution hub for imports and exports that connects the Yangtze River Delta, serves the entire country, and reaches across the Asia-Pacific region. By furthering the development of an influential leading area for the \"Silk Road E-commerce\" initiative, the CBD established a \"Silk Road E-commerce\" digital technology application center and a new international trade platform.
To materialize the benefits brought about by the CIIE's spillover effects, Hongqiao International CBD is drawing on its unique advantages to establish a dedicated cross-border e-commerce service window for Shanghai Port, encourage leading digital enterprises in the district to form a digital trade industry alliance, and set up a cross-border data service center. On this basis, efforts have been made to build a headquarters cluster for enterprises along the Yangtze River Delta that focuses on service trade, digital trade, and offshore trade, continuously extending the industrial chain and expanding industry depth. These measures significantly enhance the CBD's corporate landscape and service ecosystem, contribute to greater vitality in economic development in the CBD, and better fuel regional, integrated, and international development in both the surrounding area and the Yangtze River Delta as a whole.
Reference(s):
cgtn.com
