Kunming is determined to cultivate 5 to 6 industrial clusters, each valued at hundreds of billions of yuan, by 2025, as part of its commitment to achieve high-quality economic and social development through a significant leap forward.
These industrial clusters will encompass electronic information, biomedicine, new materials, and high-end equipment manufacturing.
By then, the added value of these industries is expected to reach 300 billion yuan($41.1 billion), while the service sector is projected to reach 660 billion yuan, ultimately propelling the city's economy to surpass 1 trillion yuan.
Kunming is poised for a transformation in its industries, with a focus on optimizing its industrial layout, upgrading the industrial structure, expanding the presence of market players, enhancing innovation capacity, and prioritizing green development and open collaboration.
It is projected that the gross industrial output value of the city's development zones will reach 850 billion yuan, with an average annual growth rate exceeding 22 percent. Furthermore, the proportion of industrial added value from enterprises above a certain size is expected to surpass 85 percent, reflecting the city's commitment to achieving these ambitious goals.
By 2025, Kunming aims to introduce over 200 major industrial projects annually, resulting in a substantial increase in the number of market entities, which is expected to reach 1.84 million.
The city also has its sights set on international trade and investment. It anticipates a total foreign trade import and export volume of 300 billion yuan, along with the successful utilization of foreign capital totaling $2.2 billion.
To further enhance its industrial prowess, Kunming is committed to promoting key industrial chains as a pivotal strategy to bolster its various sectors.
