Maoming's industrial economy posted strong growth last year, with the added value of its industrial enterprises above designated size totaling 54.83 billion yuan ($8.67 billion), a year-on-year increase of 4.6 percent. In addition, the city's total industrial investment was 16.89 billion yuan, a year-on-year increase of 15.4 percent, of which the total investment in technical transformation totaled 6.07 billion yuan, a year-on-year increase of 50.7 percent.

In 2021, Maoming investigated 91 enterprises, collected 75 problems, and solved 30 problems, with the remaining 45 problems transferred to professional departments for handling, which accelerated the high-quality development of the city's real economy.

Last year, there were 56 new industrial enterprises above designated size in Maoming, greatly surpassing the provincial target of 40, with a completion rate of 147.5 percent.

Maoming also reduced the financing costs for small, medium, and micro-sized enterprises through policy financing guarantees. In 2021, the guarantee company provided 37 loan guarantees for small, medium, and micro-sized enterprises, increasing the financing guarantee amount by 113.22 million yuan and reducing the financing costs for enterprises by 1.7 million yuan. The city also applied for a fee reduction subsidy of 1.65 million for the financing guarantee company in 2021.

In the future, Maoming will assist micro-sized enterprises to grow into industrial enterprises above designated size. It will also offer training and services for micro-sized enterprises, as well as offer 16.8 million yuan in subsidies to help them grow and upgrade.

A shoe factory in Maoming. [Photo/WeChat account: maofabu]