Real estate investment in Yunnan Province has decreased by more than half in the past 5 years, while industrial investment has increased to over 30%.

Against the background of continued downturn in the real estate market and the continuous growth of industrial investment, the investment structure in Yunnan has changed in the past 5 years, with real estate investment plummeting by more than half and industrial investment nearly doubling. On January 28th, the Yunnan Provincial Bureau of Statistics released "Major Achievements in Yunnan's Economic and Social Development during the 14th Five-Year Plan." The article states that during the 14th Five-Year Plan, Yunnan shifted from investment growth driven by real estate and infrastructure such as transportation and water conservancy to industrial investment, from mainly relying on government investment to a coordinated drive between government and private investment, and from mainly relying on high debt input and extensive growth to expanding profitable investment. The achievements of the "14th Five-Year Plan" show that by 2025, water conservancy investment in Yunnan accounted for 4.8% of total investment, an increase of 1.5 percentage points from 2020, while real estate investment decreased from 27.2% in 2020 to 12.0% in 2025. Industrial investment continued to expand, accounting for 52.1% of total investment in 2025 compared to 26.7% in 2020, with the proportion of industrial investment increasing from 15.5% to 31.4%.