Wuhan's cross-border e-commerce hub to open

A rendering of the Cross-Border E-Commerce Industrial Park in WEDZ. [Photo/WeChat account: whkfq]

The Cross-Border E-Commerce Industrial Park in Wuhan Economic & Technological Development Zone's (WEDZ) comprehensive bonded zone, along with its supporting facilities, is on track for completion by the end of June.

The 709-million-yuan ($104 million) facility will establish an international selection center for auto parts and a one-stop service platform for automotive exports, aiming to foster the in-depth integration of cross-border e-commerce with the automotive manufacturing industry and enabling more automotive brands to enter international markets.

The park plans to capitalize on the bonded zone's advantages, including bonded, duty-free, and tax rebate policies, as well as streamlined customs clearance, to strengthen investment attraction, enhance services, and accelerate the convergence of talent, capital, and advanced technology.