Binhai New Area in Maoming, South China's Guangdong province, has seen rapid development since the beginning of 2020, and is contributing to Maoming's transformation into a modern coastal city with a strong industrial base.

From January to November, fixed-asset investment in the new area increased by 32.6 percent year-on-year. By December, it had 25 new fixed-asset investment projects of more than 5 million yuan ($766,279), and two new small and micro-sized industrial enterprises above designated size.

An industrial enterprise above designated size refers to one that has an annual operation revenue surpassing 20 million yuan.

Binhai has also been strengthening its efforts in terms of attracting investment. Since its establishment in 2012, it has introduced 47 projects with a total investment of nearly 183.13 billion yuan.

The first phase of the alkane resources comprehensive utilization project started its construction in the New Area on March 21. The whole project boasts a total investment of 100 billion yuan, and is the largest private industrial project that Maoming has ever introduced. It is expected to go into operation in the second quarter of 2022.

The general wharf of Guangzhou Port is put into use in Binhai New Area in March 2019. [Photo/WeChat account: maofabu]

Port construction in Binhai also reached a new level. The Bohe New Harbor and the general wharf of Guangzhou Port have been put into operation, while the coal terminal of Guangdong Energy Group Co Ltd will soon be put into use.

Construction of the railways in Maoming Port is in progress, along with the 100,000-ton refined oil product terminal and the 300,000-ton waterway in Bohe New Harbor, as well as the first-phase breakwater project of Jida Harbor.

Binhai has been guiding and supporting enterprises in establishing their own research and development (R&D) institutions in order to stimulate innovation and improve enterprises' capacity for independent advancements. To date, 16.7 percent of industrial enterprises above designated size in the area have set up R&D institutions.

In addition, Binhai has been improving its city environment in terms of living, working, and traveling. It has been improving urban sewage treatment facilities, as well as optimizing social infrastructure like schools and housing.

Tourism in Binhai has been developing at a rapid pace. By the end of October, the area had received nearly 980,000 visits, generating a total tourism revenue of 1.13 billion yuan.