Kunming’s industrial parks report steady growth in Q1

In the first quarter of this year, the total industrial output value of industries above designated size — referring to enterprises with annual sales revenue of more than 20 million yuan ($2.81 million) -- in 16 industrial parks in Kunming reached 117.24 billion yuan, an increase of 2.4 percent year-on-year. The amount accounts for 85.13 percent of the city's total.

Industrial fixed asset investments reached 10.72 billion yuan, a year-on-year increase of 48.76 percent. With steady and upward economic indicators, the fast-paced industrial investment has effectively promoted the high-quality development of Kunming's economy and society.

In recent years, Kunming has focused on industrial development, integrating resource elements, innovating institutional mechanisms, and improving efficiency. The scale of the park economy has been growing. There are currently 19 development zones and industrial parks in the city.

In 2022, the main business income of the development zones in the city exceeded 1.4 trillion yuan, a year-on-year increase of 11.25 percent, accounting for over half of Yunnan province’s total.

Kunming is accelerating the cultivation of key industrial chains in the "8+N" sectors. Projects such as Yunnan Yuneng, Wentai Intelligent Manufacturing, and Betteney Central Factory have been completed and put into operation.

Emerging industry clusters, including new energy batteries, electronic information, biopharmaceuticals, and advanced equipment manufacturing, with a scale of hundreds of billions, are taking shape.

The 16 industrial parks have integrated traditional industries and emerging industries, while the comprehensive bonded zone, and Mohan-Moding cooperative zone are promoting the coordinated development of upstream and downstream industries in the fields of cultural tourism, healthcare, bonded processing, cross-border trade, and logistics.

In addition, Kunming has successfully established four national-level demonstration bases for new industrialization and 10 provincial-level demonstration bases. Anning and Qidian industrial parks have been designated as national-level green parks, the Digital Economy Development Zone has been created as a national demonstration base for innovation and entrepreneurship, and Wuhua Industrial Park has become the first provincial-level blockchain center in China, known as Yunnan Provincial Blockchain Center.