西南区域三季报公布，川渝领跑

Core Viewpoint - The economic growth rates of the southwestern provinces of China, including Yunnan, Guizhou, Sichuan, and Chongqing, have declined significantly in recent years, with all four provinces experiencing growth rates below the national average in 2023 and 2024 [4][5][6]. Economic Performance - In the first three quarters of this year, the GDP of Yunnan, Guizhou, Sichuan, and Chongqing was reported at 23,518.47 billion, 17,352.04 billion, 49,322.2 billion, and 24,449.36 billion respectively, with year-on-year growth rates of 4.3%, 4.9%, 5.5%, and 5.3% [3][5]. - Guizhou's GDP growth has fallen below the national average, with a reported growth of 4.9% in the first three quarters, down from previous years [5][6]. - Yunnan's growth rate has also declined, with a 2023 growth of 4.4%, below the national level of 5.2% [6]. Investment Trends - Investment growth has been a significant factor in the economic slowdown of the southwestern provinces, with fixed asset investment in Guizhou showing a downward trend from 28.0% in 2013 to -5.7% in 2024 [8][9]. - Yunnan has also faced a decline in fixed asset investment, with growth rates of 7.5%, -10.6%, and -7.7% from 2022 to 2024, largely due to a drop in real estate development investment [8][9]. Industry Challenges - Traditional pillar industries in the region, such as alcohol, coal, electricity, and tobacco, are facing challenges, particularly in Guizhou where the liquor industry is undergoing significant adjustments [9]. - In Yunnan, while some traditional industries are seeing slight growth, the overall contribution to industrial growth remains low, with the tobacco industry growing by only 1.0% [9].