Abstract: Taking the Mu village in Yunnan as a case to analyze the spatial political problems of poverty alleviation by industry, the study found that the state intervened in the village space, mobilized deeply the village elites, enterprises (companies), poor farmers and other subjects, in the hope of building a moral order to help poor farmers to achieve common prosperity, but each subject formed a special spatial politics and constructed a rational order by interacting with each other in the village field. Among them, there were contradictions such as marketization and de-marketization, spatial performance and expression space, spatial and temporal segmentation and spatial and temporal compression, which restricted the realization of the ultimate goals of poverty alleviation by industry and targeted poverty alleviation. Therefore, the poverty alleviation by industry must break the existing village spatial politics, integrate them into the national market, regulate the multi-subject game strategy, optimize the remaining space of the village, and realize the spatial reconstruction, so as to create a better future for the poor farmers out of poverty.