AB Wing, 7 F, Social Science Academy of Yunnan Province, No 577 Huanchengxi Road ,Kunming Yunnan, 650034 China
Because of its location in the southwest of China, Kunming was neglected in China's rapid economic growth in the 1990s. However, recently the city has received renewed attention, launching Kunming into an international commercial hub of South and Southeast Asia.
Kunming economic authorities are active participants in the Greater Mekong Sub-region, promoting trade throughout China, Cambodia, Laos, Myanmar, Thailand, Singapore and Vietnam.
A Southeast Asia trading hub, Kunming hosts the annual Kunming Import & Export Commodities Fair, jointly sponsored by seven local Southeast Asian governments. In addition to a mass of domestic buyers and over 1,000 Chinese exhibitors, previous fairs have attracted about 4,000 to 6,000 overseas guests from around fifty countries. The accumulated contracts signed for trade and investment during the fairs are estimated about 25 billion US dollars. The China Council for the Promotion of International Trade (CCPIT) acts as the main organizing body for Kunming Fair.
For the fiscal year of 2007, Kunming's gross domestic product (GDP) was 139.3 billion yuan. Its fixed asset investment was 81.8 billion yuan and real estate investment was 22.2 billion yuan, with retail sales of 56.9 billion yuan.
LEHMAN, LEE & XU’s Kunming partner office provides our clients with a wide variety of legal services including advisory services concerning foreign direct investment, telecommunications, commerce and international trade, intellectual property matters, and litigation.
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