In 2023, Kunming made new progress in socioeconomic development, with the added industrial value above the designated size increasing by 6.6 percent. The industrial sector contributed 38.4 percent to the city's GDP, reaching a record high since 2009.
Kunming accelerated the construction of a modern industrial system. Industrial clusters in the field of new materials, biomedicine, and electronic information expanded. Battery industrial clusters with at least 100 billion yuan($13.89 billion) worth has burgeoned. In 2023, the proportion of industrial investment exceeded 20 percent for the first time in a decade, compared with 11.4 percent in 2021. Kunming’s industrial economy has held a great momentum with improving quality and efficiency and fast growth.
Kunming’s business environment breeds new brands. Kunming improved its business environment to promote investment. In 2023, Kunming attracted 136.86 billion yuan’s worth of capital from other provinces, an increase of 24.35 percent and was hailed as a hot investment city in China.
Kunming made breakthroughs in opening-up. Kunming accelerates the construction of Mohan international port city while sticking to national development strategy. In 2023, 87 key projects with a total investment of 17.358 billion yuan was launched in Mohan-Boten Economic Cooperation Zone. The volume and value of imports and exports at Mohan port increased by 41.6 percent and 11 percent respectively, making Mohan port the largest port between China and ASEAN.
Kunming’s ecological environment takes on new changes. Kunming built a garden city and strengthened its image as a city of spring.
People’s well-being in Kunming receives a boost. Kunming gives priority to the solution of employment issues. About 34 new basic education groups were set up and high-quality education resources have expanded. In 2023, Kunming was listed again as one of the "Chinese cities with a good life".
On Feb 27, Kunming commended the leaders of 25 outstanding enterprises and 50 outstanding entrepreneurs. Business leaders said that Kunming's business environment enables enterprises to grab development opportunities. Enterprises will give full play to their own advantages to promote the high-quality development of Kunming.
“Last year, our revenue grew by more than 50 percent year-on-year,” Gao Hongkun, general manager of Kun Ming Cable Group Kun Dian Gong Cable Co., Ltd. said that the achievement benefited from Kunming's policy guidance in favor of industrial development. On the one hand, it introduces more industrial investment to promote the rapid development of enterprises. On the other hand, it helps enterprises to further transform and upgrade themselves. Kunming has introduced many enterprises, which has driven the strong development of infrastructure supporting industries. In 2024, the corporate sales target will be more than 15 percent higher than last year.
Kunming Yunxuan Supply Chain Technology Co., Ltd. is a start-up company. Its team has been deeply engaged in the supply chain of Yunnan's flower industry for eight years, and has built the first national flower brand. After one and a half years of development, the company has achieved sales of over 100 million yuan. Zhang Yu, chairman of the company, said that the company hopes to provide more stable supply of flower products for more e-commerce practitioners and provide a better entrepreneurial environment for practitioners.
Yin Xiaobing, executive assistant of Yunnan Baiyao Group Co., Ltd., said that in the past year, the business environment in Kunming has greatly improved, and government departments at all levels actively help and serve enterprises to develop. From the published financial data for the first three quarters of 2023, the Group's operating income, net profit, output value, and tax amount all reached a record high.
In the view of Chen Anhui, chairman of China Railway Development and Investment Group Co., Ltd., Kunming, as the capital city of Yunnan province, has great potential for development. This year, China Railway Development and Investment Group will continue to increase investments in Yunnan and Kunming, she said. "At present, China Railway Yunnan Construction Investment Co., LTD. is the only joint venture between central enterprises and Yunnan province. At the same time, the group also cooperated with Kunming to establish Yunnan Mohan Development and Investment Group Co., Ltd to further contribute to the construction of Kunming port city."
