Maoming Industrial Investment and Development Ltd and Guangzhou Xiangxue Pharmaceutical signed a cooperation agreement to establish the Xiangxue Pharmaceutical Airport Economic Zone on Nov 22.
The Oriental Energy Maoming project has turned a barren wasteland into a modern industrial plant, setting the stage for the creation of a zero-carbon industrial park.
Established in April 2012, the Maoming Binhai New Area spans a planned area of 1688 square kilometers.
In recent years, Chenxiangxu has become a demonstration project for the city's plan to revitalize its markets and villages.
Industrial enterprises above designated size in Maoming achieved an output value of 246.4 billion yuan ($36 billion) in 2022, a year-on-year growth of 10.1 percent.
The Maoming High-tech Industrial Development Zone will develop nine key projects in 2022, with a total investment of 17.23 billion yuan ($2.57 billion) and an annual planned investment of 1.49 billion yuan.