12 Feb 2016
Kunming (Yunnan) City Information
Major Economic Indicators (2014)
Kunming, capital of the Yunnan province, is located in the eastern part of the province. It is the center of Yunnan's politics, economics and culture. Kunming ranked as the 68th most competitive city in China in 2014 according to the Chinese Academy of Social Sciences.
Kunming is the transportation hub of Yunnan, and is designated as one of the regional transportation hubs in China. Highways and railways, including Chengdu-Kunming Railway, Kunming-Nanning Railway and Kunming-Guiyang Railway, connect the city with other major cities in China. Kunming Changshui International Airport, ranked seventh in terms of passenger throughput and ninth in terms of freight throughput in China in 2014, offers regular flights to major cities domestically and internationally.
Industry accounted for 28% of the GDP in 2014. Major industries include tobacco, metallurgy, mechanical and electronic integration, and pharmaceuticals.
The service sector is the largest economic contributor to Kunming, accounting for 54% of its GDP in 2014. Tourism is the most important pillar of the service sector. In 2014, Kunming’s tourism earnings ranked the 31st among all cities in China. Dianchi Lake and the stone forest are key tourist attractions of Kunming.
Major Industrial Parks / Development Zones
1. Kunming Economic and Technological Development Zone (state-level)
Target industries: Tobacco processing, machinery manufacturing, electronic information, biotechnology
2. Kunming National High-tech Industrial Development Zone
Target industries: New materials, biotechnology, mechanical and electrical integration, environmental protection, information technology, agricultural high-tech industries
Major investors: Pepsi, Gargee International Group, Microsoft, Walltech Group, BASF Group, Wilmar International Group, Air Products and Chemicals, Yunnan Baiyao Group, Yunnan Copper, etc.