During 2023, Kunming has made new progress in socioeconomic development with added industrial value above designated size increasing by 6.6 percent and the contribution rate of industry to the city's GDP reaching 38.4 percent, a record high since 2009.
In 2023, Kunming's general expenditures totaled 83.78 billion yuan($11.64 billion), primarily allocated to support industrial development, ensure livelihoods, and promote higher-level opening up.
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.
Kunming has made clear directions for 2024 economic development in its local work report.
Kunming's industrial parks experienced high-quality economic growth last year. Between January and November of that year, Kunming industrial parks registered a total of 918 industrial enterprises above designated size
Mohan has seen inconceivably rapid and vigorous development in terms of investment, construction, city appearance and infrastructure.
Kunming recently launched a three-year action plan to promote steady growth in consumption.
The magazine "China Customs" by the General Administration of Customs of China recently published a report on the foreign trade competitiveness of Chinese cities in 2022.
