Kunming investment boom after refining business climate

km.gov.cn|Updated: August 23, 2022

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Kunming has seen progress in refining its industrial structure and business climate, which in turn, have attracted a remarkable increase in investments.

The first quarter of this year saw a rocketing investment growth of 56.8 percent in industry and information technology. Three 100-billion-level industrial clusters of new energy batteries, rare metals, and information manufacturing have also taken shape.

Breakthroughs have been made in attracting investment; in the first half of this year, the city received 134.6 billion yuan($19.61 billion) in funds from outside the city, up 46.67 percent year-on-year.

In the second quarter of this year, 291 major industrial projects, with a total investment of 100.3 billion yuan, were launched in Kunming, which represents a significant increase when compared with the first quarter.

The business environment has undergone significant new changes, and the efficiency of government services has been comprehensively improved to create a business environment that is benchmarking top place in Yunnan province, and is first-class in China.

Facts speak. The Shanshan Lithium battery project took just 3 months from its negotiation to implementation, and the Yuneng New Energy project only took 110 days from its start-up to operation, demonstrating "Kunming speed".

The quality of the city has been further improved, withactions to improve the quality of the city having been thoroughly executed. 37 kilometers of the Dianchi Greenway have been built for wetland protection and residents’ leisure.

Additional improvements have also been made to people's well-being. People's "urgent problems and worries" were turned into a list of responsibilities for the government, and were resolved one by one.

Since the beginning of this year, more than 98,700 jobs have been created by enterprises, nine primary and secondary schools in the downtown area will soon be put into use, and progress has been made in the improvement of 63 traffic congestion spots. Citizens of Kunming are feeling a growing sense of gain, happiness, and security.

As the capital of Yunnan province, the city aims to be the pacesetter of development of the province and play a bigger role in boosting the province's high-quality development.