In recent years, Maoming has focused on strengthening and developing its private economy.

In 2022, private enterprises in Maoming achieved a total import and export volume of 19.25 billion yuan ($2.72 billion), with a year-on-year growth of 4.1 percent. The total export amount was 17.11 billion yuan, which contributed 88.9 percent to the city's total exports. 

In the first quarter of this year, the import and export of private enterprises in Maoming reached 4.29 billion yuan, up 91.7 percent, and accounting for 85.3 percent of the city's total import and export in the same period.

Maoming-based enterprises that reach 300 million yuan, 200 million yuan, 100 million yuan, 50 million yuan and 30 million yuan in fixed industrial asset investments from 2022 to 25 will receive rewards of 3 million yuan, 2 million yuan, 1 million yuan, 300,000 yuan and 200,000 yuan, respectively.

In 2022, the Maoming municipal people's government served 96 enterprises, visited and investigated 151 enterprises, communicated with 73 enterprises via WeChat, made 134 inquiries to enterprises by telephone, and solved 94 problems for various enterprises.

In 2022, Maoming added two new state-level specialized "little giant" firms, bringing Maoming's total to three. By the end of January 2023, the loan balance of private enterprises in Maoming was 46.83 billion yuan, with a year-on-year growth of 21.17 percent, which alleviated the financing difficulties of private enterprises.

The factories of the Guangdong Yueqiao New Material Technology. [Photo/WeChat account: maofabu]