Kunming Economic and Technological Development Zone in southwest China's Yunnan province, has fostered five leading industries, which include equipment manufacturing, biology & big health, electronic information manufacturing, the digital economy, new materials and modern logistics.
With an area of 156.6 square kilometers, the zone is home to about 64,000 market entities, including 36,000 enterprises. It has become the country's first opening-up and specialty industrial park -- which is featured with free trade, economic and technological development, comprehensive bonded area and cross-border cooperation -- since it was entrusted with the governance of Mohan township.
Statistics show that the output value of equipment manufacturing and biology & big health sectors in the zone reached 12.23 billion yuan (about $ 1.8billion) and 14.22 billion yuan respectively in 2022.
In the next three years, the zone will strive to attract cumulative investments of over 20 billion yuan and use foreign-funded capital of about $50 million on a yearly basis.
Meanwhile, the economic zone will further consolidate the development of five leading industries, create more industrial clusters and bases as well as competitive enterprises, see their annual operating income grow at over 8 percent, and take coordinated efforts to introduce micro, small and medium-sized enterprises.
In addition, the economic zone will help relevant enterprises further upgrade their technologies and bolster technological research, make full use of a special fund for innovative development of the digital economy, roll out demonstration projects for digital transformation, optimize industrial layout, promote the development of key research platforms and innovation & entrepreneurship services platforms, and cultivate 40 high-tech enterprises and technology-driven small and medium-size companies.
