Yunnan GDP expected to grow by 6% in 2023
Yunnan provincial GDP is expected to grow at around 6 percent in 2023, with the fixed asset investment growing by around 9 percent, said Wang Yubo, governor of Yunnan province on January 11.
Wang said this when delivering the report on the work of Yunnan government at the opening of the first session of the 14th Yunnan Provincial People's Congress, the province’s legislature.
Noting the value added of industrial enterprises above the designated size will increase by 9 percent, the governor added that provincial retail sales of consumer goods will grow by more than 10 percent while the volume of Yunnan imports and exports will up by 15percent.
Local people selling agricultural products through live streaming. (Photo by Yunnan Daily)
In 2023, Yunnan province will focus on developing real economy, promoting green development, carrying ahead high-standard opening-up and making breakthroughs in provincial trade.
Wang said the China-Laos Railway will be brought in fuller play while developing modern logistics actively and accelerating the development of port economy. International and domestic economic and trade cooperation will be strengthened.
A train running on the China-Laos Railway. (Photo by China Railway Kunming Group)
“Yunnan will speed up developing 50 major projects along the China-Laos Railway to promote the connection between Lancang-Mekong express trains and China-Europe direct freight trains,” said the governor.
Wang said more cross-border trains will be launched to serve more than 10 million passengers and transport more than 13 million tons of goods annually.
In addition, Yunnan will actively participate in the China-ASEAN Free Trade Area, deepen the Lancang- Mekong Cooperation and the Greater Mekong Sub-region economic cooperation.
The number of new enterprises, total amounts of imports and exports, and foreign investment invited into in the Yunnan Pilot Free Trade Zone are each expected to grow by more than 30 percent.
According to Wang’s report, Yunnan GDP is estimated to have grown at around 4 percent in 2022, a rate above the national average. Provincial total imports and exports grew by about 8 percent, with actual utilization of a foreign investment of 726 million dollars.
Source: China Daily and Yunnan Daily; Trans-editing by Wang Yunya