Kunming has stepped up efforts in forming a modern industrial system with a balanced mix of new industries while upgrading traditional ones.
Kunming’s modern industrial system is dominated by the modern service industry, based on modern agriculture, and supported by advanced manufacturing industry.
The service sector has formed an eight-industry system focusing on trade and logistics, finance, tourism, and cultural and creative industries. The added value of the service sector increased from 168.77 billion yuan ($26.3 billion) in 2012 to 460.17 billion yuan in 2021, becoming an important engine for economic growth of the city.
Agriculture boasts robust industries such as flowers, vegetables, forest fruits, and traditional Chinese medicine.
The manufacturing industry’s total industrial output value has exceeded 500 billion yuan.
At the same time, the transformation, and upgrading of Kunming's industrial sectors are accelerating and the quality of industrial development has significantly improved.
Traditional industries such as chemical and metallurgy, as well as their supporting industries have gained a more solid foundation.
The scale of the chemical industry and metallurgy exceeded 100 billion yuan.
The tourism industry saw its total revenue surge from 42.67 billion yuan with 46.94 million visits in 2012 to 273.36 billion yuan with 186 million visits in 2019, contributing 17 percent to GDP.
In 2021, the trading volume of fresh-cut flowers in Dounan exceeded 10.26 billion branches and the trading volume reached 11.24 billion yuan. The scale ranked second in the world and the first in Asia.
The competitiveness of industrial enterprises has been significantly increased by innovation-driven development. To transform industries through scientific and technological innovation, Kunming has set up six scientific and technological innovation centers for biomedicine, 15 State-level enterprise technology centers, and several key laboratories. In 2021, there were 1,427 high-tech enterprises in Kunming, accounting for 69.4 percent of the province.
With the efforts to improve the quality and efficiency of the industrial zone, in 2021, the main business income of 13 industrial parks in the city exceeded one trillion yuan. The main business income of Kunming High-tech Zone and Kunming Economic Development Zone exceeded 250 billion yuan. The main business income of Anning Industrial Park and Wuhua Industrial Park exceeded 100 billion yuan.
