![Kunming Dianchi Lake International Convention and Exhibition Centre [Photo by Li Weimei]滇池国际会展中心，作者，李维梅DJI_0338.jpg](http://subsites.chinadaily.com.cn/kunming/img/attachement/jpg/site48/20210803/1627970332059.jpg)
March 22, 2023
Kunming has effectively promoted the establishment of non-public economy pilot areas, substantially developing the private economy. In the last year, the city's private economy contributed 50.2 percent of tax revenue.
The profits of companies in Yunnan province earned in their first two years will be exempt from income tax.
Policies >>Kunming is an international door and bridgehead city to open up Southwest China that boasts special location advantages. It is a major communication and transport hub in China thanks to its advanced airway, railway and highway networks.
How to Invest >>
Kunming, capital city of Yunnan province, is the center of Yunnan in terms of politics, economy, culture, technology and transportation.
