Chengdu booming as global e-commerce hub

Chengdu, located in Southwest China's Sichuan province, has seen remarkable growth in cross-border e-commerce, with over 61 million import and export declarations processed in the first half of 2024, marking a 276% increase from the previous year. This surge is attributed to the development of the China Europe Express Railway and the New International Land-Sea Trade Corridor, which have enhanced the city's connectivity despite its inland location. Two operational airports and new cross-border road transport routes have further diversified Chengdu's trade channels. The rise in cross-border consumption has been significant, with daily order volumes surpassing 20,000 and a notable demand for products like infant milk powder. The local shoe industry, known for its women's shoe manufacturing, is also benefiting from this trend, transitioning from merely exporting products to establishing brand recognition abroad. The number of shoe manufacturing companies engaged in cross-border e-commerce has doubled within a year, indicating a shift in business strategies. Chengdu's commerce bureau is actively supporting traditional enterprises, particularly small and medium-sized businesses, in their efforts to engage in global markets. Plans are underway to create a manual for cross-border e-commerce services tailored to these businesses, aiming to nurture high-quality export brands. By the end of 2025, Chengdu intends to cultivate over 15 advantageous industrial belts for cross-border e-commerce, with a target transaction volume exceeding 140 billion yuan ($19.72 billion). This transformation in Chengdu's economy highlights the city's potential as a global e-commerce hub, driven by innovative logistics, diverse product offerings, and a supportive business environment. The integration of cross-border e-commerce with local industries is rejuvenating traditional sectors and opening new avenues for growth and international collaboration.