Kunming reports 47 percent growth in investment in H1

km.gov.cn| Updated: August 4, 2022

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Kunming, capital city of Southwest China's Yunnan province, saw the introduction of 807 projects worth 134.6 billion yuan($19.92 billion), a rocketing of 46.67 percent, in the first half of this year.

A total of 32 domestic projects have all been signed, with each being worth over one billion yuan respectively. Six new projects have been invested in by firms on the Fortune Global 500 list, with an equivalent number of projects having been sourced by China’s top 500 companies. A further three have been invested in by China’s top 500 private firms.

A total of 668 new projects have been introduced from regions outside of Yunnan, with investment totaling 112.6 billion yuan, as surge of 48.76 percent year-on-year. The first and second sectors attracted 1.87 billion yuan and 22.29 billion yuan respectively. The tertiary industry won about 88.45 billion yuan.

According to Kunming authorities, the city will continue to improve its whole-process management of and services to investment projects, bolster its capacity-building and service level, and provide all investors with high-quality government services.