Economic overview of Hongyang Town

Since the reform and opening up, Hongyang’s township economy has developed rapidly. In 2001, the town’s total industrial and agricultural output value was 2.622 billion yuan, of which industrial output value was 2.495 billion yuan, agricultural output value was 127 million yuan, and the per capita net income of farmers was 3,862 yuan. . There are 312 township enterprises with 12,348 employees. It is one of the six major economic key towns in Puning City. In 1998, it was rated as one of the "Top 100 Towns with Township Enterprises" by the Agricultural Office of the Guangdong Provincial Government and the Township Enterprise Management Bureau. Industrial products include clothing, woolen fabrics, electronics, food, furniture, bicycle spare parts, etc. In terms of agriculture, the banana orange planting area reaches 18,000 acres, with an annual output of 25,000 tons. In recent years, the agricultural industrial structure has been gradually adjusted, and the four "three high" agricultural production bases, including flowers and seedlings, high-quality and rare fruits, off-season vegetables, and modern livestock and poultry breeding, have been continuously cultivated and expanded. Agricultural industrialization has begun to take shape. Hongyang Town has always been active in commerce and trade. Three major professional markets for fruits, grains and non-staple foods have been formed, and the market system is gradually improving. Among them, the fruit market is a professional fruit market covering an area of ??60 acres, a construction area of ??21,200 square meters, and an annual fruit turnover of 35 million yuan.

In 2014, Hongyang town achieved a large-scale industrial added value of 3.07 billion yuan, an annual per capita net income of farmers of 7,085 yuan, a total foreign trade export volume of 24.13 million US dollars, and a fixed asset investment of 1.02 billion yuan; and local tax revenue were 2.65 million yuan and 7.7885 million yuan respectively; industrial electricity consumption was 79.22 million kilowatt hours, 311 new market entities were registered, and the pace of investment promotion was accelerated.

Mejiale Shopping Center (Hongyang Store) settled in Hongyang Town, Puning, and held an investment conference and signing ceremony. Famous brands such as KFC, Suning Appliances, Watsons, and Heilan Home became partners of the center .

Mejiale Shopping Center (Hongyang Store) is invested and built by Guangdong Megale Shopping Plaza Co., Ltd. This project is a commercial complex integrating shopping, catering, leisure, entertainment, hotels, apartments, and culture. The complex is a key project to promote the development of commerce and trade in northern Puning. The main person in charge of Hongyang Town said that the operation of Megalo Shopping Center (Hongyang Store) is of great significance to the town’s expansion and quality improvement, accelerating the pace of urbanization, and improving the vitality of trade circulation and market competitiveness. The town will continue to Provide a superior environment for enterprise development and promote the continued prosperity of commercial circulation.