Kunming's total industrial output surpassed 500 billion yuan (about $73.8 billion) in 2022, up eight percent year-on-year.
Meanwhile, its investment in non-property and industrial sectors rose by 38.6 percent and 41.4 percent respectively in 2022, the highest annual growth rate since 2006.
In 2022, Kunming also set a new record by inking 272 projects with prospective investments worth 69.96 million yuan.
The logistics center of Kunming-Mohan land port became a national logistics hub in 2022, while the Mohan-Boten Economic Cooperation Zone between China and Laos was added to the national list of demonstration areas for the creative promotion of import trade.
During an economic work conference held on January 8, the city outlined its main projected targets for development in 2023. It set a GDP growth goal of six percent, which is roughly on par with the average growth rate of Yunnan.
Other major economic and social development targets included having its value-added industrial output, fixed-asset investment and retail sales grow at eight, eight and ten percent respectively.
This year, Kunming will make greater efforts to develop advanced manufacturing clusters, expand the scale and enhance the quality of its trade, build the city into a popular tourist destination, leverage the role of the financial market in further promoting the development of the real economy, raise the efficacy of its investment promotion activities, optimize its business environment, inject more vitality into market entities, advance project construction and effective investment, and improve city building and functions.
