In the first quarter of 2023, the private economy in Kunming achieved an added value of 79.48 billion yuan($11.16 billion), a year-on-year growth of 4.6 percent, maintaining a positive development trend.
In recent years, Kunming has implemented various policies, including the "20 Measures to Promote the High-Quality Development of the Private Economy," to support the development of private enterprises.
In 2022, the added value of Kunming's private economy reached 302.88 billion yuan, with a year-on-year growth of 3.4 percent. The number of private economy market entities reached 1.16 million households, showing a growth rate of 19.9 percent. Among them, 45 companies were listed among the top 100 non-public enterprises in Yunnan.
Kunming will introduce measures to promote the digital transformation of small and medium-sized enterprises. By 2025, the city aims to establish over 10 benchmark digital enterprises and foster two national-level cross-industry and cross-domain industrial internet platforms. The goal is to guide private enterprises toward innovation, greener practices, and intelligent development, thereby enhancing the quality and efficiency of businesses.
