Guo Wang Town adheres to the economic construction as the center, implements the industrialization strategy, highlights the three major points of industrial structure adjustment, project construction and non-public economic development, implements three major projects of township governance, town and village road construction and water conservancy facilities restoration, and pays close attention to the five major industries of sweet potato, medicinal materials, animal husbandry, facility agriculture and labor export. All undertakings have made overall progress. In 2004, the town's GDP reached 440 million yuan, and the per capita net income of farmers reached 2 160 yuan.

The level of agricultural production has been greatly improved, and the pace of industrial restructuring has been accelerating. In 2004, the total grain output reached 19 120 tons, the total oil output reached 4,500 tons, and the products of forest, livestock, fruits and vegetables also increased greatly.

Township enterprises and the non-public economy developed rapidly. By the end of 2004, there were 6 private enterprises 16 households, 260 individual industrial and commercial households, and more than 300 employees 10, basically forming more than 0 industries such as food processing, furniture production and building materials manufacturing. In 2004, the total output value of the enterprise was 26,365,438+million yuan, and the profit and tax13.42 million yuan.

With the development of commerce, market transactions are prosperous and active. Guo Wang market has a long history. Every market day, merchants from towns and villages around Fengxiang, Qishan and chencang district gather, making it a well-known material trading center. In 2004, the daily turnover of fair trade reached 38,000 yuan, the annual turnover reached 2.34 million yuan, and the national profit and tax was 6.5438+0.8 million yuan.

Moreover, there is a market every two days in the lunar calendar, which further promotes the economic development of the town.