Kunming’s Municipal Bureau of Finance will actively use fiscal policies to boost the city's industrial development and attract more investment.
This year, 1.94 billion yuan($306.85 million)in industrial development funds have been allocated to support the construction of key industrial projects and promote the city's industrial transformation and upgrading.
240 million yuan in scientific and technological innovation funds have been set up to accelerate the city’s scientific and technological innovation; a fund of 5.88 billion yuan for comprehensive transportation and key infrastructure projects has also been established.
Proactive fiscal policies will also include implementing greater tax and fee reductions. Financial institutions are encouraged to increase support for the real economy and enhance the vitality of market players.
