Kunming has promoted investment promotion to empower socioeconomic development. It continues to carry out industry chain investment promotion, with industrial investment stepping to a new level.
In 2023, Kunming focused on the eight key industrial chain and accelerated the introduction of a number of projects about chain extension and reinforcement. It signed projects with agreed amount over 70 billion yuan($9.73 billion). In 2023, Kunming saw the foreign investment in actual use reached $549 million up 4.98 percent year-on-year.
Last year, Kunming also paid more attention to industry-oriented development. Relying on platforms such as the Mohan Border Industrial Park, it carried out work on industrial planning, policy formulation, and industrial investment promotion, and took the initiative to undertake the transfer of high-end elements, high-end industries and high-quality resources.
At the China Industrial Transfer & Development Matchmaking Activities (Yunnan) held in Kunming last year, Kunming signed 96 projects with an agreed investment amount of 88.6 billion yuan. Of that amount, strategic emerging industry projects on new energy, biomedicine and new materials accounted for more than 60 percent of the total investments. In December, the Lingang-Kunming Science and Technology City was officially inaugurated, with 38 enterprises signing up to enter the park, which became a landmark achievement of Shanghai-Yunnan cooperation.
At the same time, Kunming has continued to strengthen cooperation and exchanges with the Yangtze River Delta, Pan-Pearl River Delta, and Beijing-Tianjin-Hebei Region to expand channels for attracting capital and enterprises.
Giving full play to the advantages of taking charge of Mohan, since 2023, the Mohan-Boten Cooperation Zone has made high-frequency docking with high-quality enterprises and projects such as China Railway Group Limited and Shanghai Lingang Group. It contacted 809 enterprises and 2,183 clients, promoting the landing of six projects such as Lingang Cross-border Service Centre and achieving breakthroughs in utilizing foreign investment in 2023.
This year, Kunming’s investment promotion system will be based on the demand side of industrial development and improve the supply side of investment promotion. It will make good use of regional coordination mechanisms for attracting investment and give full play to the advantages of industrial parks to further optimize the regional cooperative investment promotion mechanism, promote investment promotion in small teams, and actively undertake the key links of the industrial chain and related industries.
The city will carry out regular investment promotion activities, and enhance the level of precise investment promotion and industrial chain investment promotion. It will improve and upgrade the investment promotion model, promote coordinated regional development, and concentrate on introducing a number of enterprises in key links of the industrial chain and upstream and downstream supporting enterprises. Kunming will target overseas more overseas Chinese and attract them to invest in Kunming.
