Zhaowangzhuang Town has formed an industrial structure system featuring fruit and vegetable industry, food processing, machinery manufacturing, clothing processing, chemical industry and tourism.

In agriculture, with fruits and vegetables as the pillars, it has been named "Yantai City Vegetable Industry Town", "Yantai City Agricultural Industrialization Management Demonstration Town" and "Shandong Province Pollution-free Vegetable Production Base". Vegetable production is oriented toward being green, pollution-free, and high-quality, with market standardization as the goal, optimizing planting and layout structure as the means, and science and technology as the guide, forming a high-end and low-end vegetable industry with complementary advantages, quality-based, moderate scale, and high output. An industrialization framework for the integration of supply and marketing. The main varieties include: pearl tomatoes including vegetables imported from Japan, Israel, the Netherlands, and South Korea, cucumbers, sweet peas, McCabe bell peppers, virus-free peppers, eggplants, French French spinach, Taiwan’s blue tiger, and black tiger dwarf There are more than 40 varieties including Dun green beans, red mountain green onions, three-red carrots, white-skinned burdock, gold-skinned zucchini, pocket watermelons, and chrysanthemums. It adopts high-tech technologies such as drip irrigation under film from Israel, high-yield planting and balanced fertilization. The planting area has exceeded 40,000 acres, and there are 25 vegetable professional villages. There are one 10,000 acres of pollution-free export vegetable base and 10,000 acres of medium and low-yield field transformation base, 10 high-tech demonstration gardens of various types, and high-standard winter heating greenhouses. There are more than 2,000 and more than 8,000 small and medium-sized sheds. The total annual vegetable output can reach more than 250 million kilograms, with a total income of more than 400 million yuan. In the fruit industry, Zhaowangzhuang Town is the authentic origin of Laiyang Chilli. The urban brand "Laiyang Chilli" has been registered with the State Administration for Industry and Commerce, becoming one of the few agricultural products registered with place names in the country. The fruit is in On the basis of maintaining the development of traditional Laiyang pears, moderately graft and develop high-quality pear varieties such as Japan and South Korea's Xingao, Gold, Japan Crystal, Gold 20th Century, Fengshui, and Yanfu "1-6", Gala and other apple products . The current total cultivation area of ??new and old orchards is 25,000 acres, with a total annual output of 60,000 tons. In order to promote the upgrading of fruit and vegetable production, the Xitaozhang Fruit and Vegetable Wholesale Market with a total investment of 15 million yuan and the Zhangjiaguan River Barrage and Bridge Project, which is part of the construction of Yantai Ecological City with a total investment of 6.42 million yuan, and the West Fifth Long barrage project. After the operation of the Xitaozhang Fruit and Vegetable Wholesale Market, the transaction volume increased from the original 100 million yuan to 250 million yuan. After the completion of the Zhangjiaguan River Barrage Bridge and the Xiwulong River Barrage, the area of ??irrigated land was expanded by 5,000 acres, which greatly improved the surrounding ecological environment. High-quality vegetables and fruits are exported to Southeast Asia, Hong Kong, Macau, Beijing, Shanghai and other domestic and foreign large and medium-sized cities and large supermarkets with the "Jinbozi" and "Hongda" pollution-free fruit and vegetable trademarks certified by the Shandong Provincial Department of Agriculture.

Laiyang pear is mainly distributed on the banks of the Qingshui River and the riverside beaches on the east bank of the Clam River, especially in the Qingshui Fafang, Luergang, Xiaogezhuang, Dataozhang, Xitaozhang and Zhaowang areas within the territory. Zhuang, Wulong and Haobutou villages are the most famous. April 20th every year is the "Laiyang Pear Blossom Festival". During the Pear Blossom Festival, there is an endless stream of Chinese and foreign tourists coming to watch the pear blossoms. Climbing high and looking into the distance, you will see thousands of pear trees and spring snow in the garden, as if you have entered a fairyland, which makes people linger and forget to leave. In autumn, the pear branches are covered with dragons and snakes, and the fruits are abundant and fragrant, which is mouth-watering. In the Luergang Pear Orchard, there is an old pear tree known as the "King of Pear Trees". The tree is 4.5 meters tall, with a chest circumference of 250 centimeters, and its crown is shaped like a wave or a giant umbrella. The five main branches stretch out in curved directions, majestic and majestic, like five dragons soaring into the sky. The tree is more than 300 years old and is still full of vitality, with an annual output of more than 400 kilograms of pears. In April 1991, the Laiyang Municipal Government erected a monument next to the pear tree to commemorate the event.

Zhaowangzhuang Town is the town with the largest scale of vegetable cultivation in the city. The total investment of the 10,000 mu vegetable base project is 3.42 million yuan, with a total area of ??10,000 mu. Construction started in April 2003 and was completed in April 2004. It involves Xitaozhang, Luergang, Qianzhao Wangzhuang, Houzhao Wangzhuang, and Yujia 11 villages including Tuan and Yejiabo.

The main construction contents include the laying of 38,170 meters of field pipe network, the construction and repair of 29 new mechanical and electrical wells, the construction of 26 mechanical well houses, the construction of more than 850 production bridges and culverts and small bridges and culverts entering the ground, and the dredging of 38,000 meters of drainage ditches. , laid 30 kilometers of field pipe network, 1,800 meters of mortar drainage ditches, repaired and expanded 13 production roads, 6 vertical, 7 horizontal, and 38 kilometers long, and planted 35,000 trees on the roadside. 650,000 yuan was invested in agricultural science and technology, 160 frequency vibration insecticidal lamps were installed, an agricultural product quality inspection station was established, 2,000 acres of facilities were developed for cultivation, and 3,500 people were trained in science and technology.

The town government has established a complete operation management and maintenance system to enable various facilities in the project area to function in the long term and ensure that after the project is completed, the land will be connected, the fields will be square, the ditches will be connected, the roads will be connected, and the trees will be connected. , supporting wells and canals, which can effectively promote the development of vegetable production in surrounding areas towards scale and standardization. The total output of the 10,000-mu export vegetable base has reached 50,000 tons. The annual output value of each mu of land can be 800 yuan. The total output value of the planting industry in the project area has increased by 8 million yuan. The per capita income of farmers can increase by 680 yuan per year, and profits and taxes of 4.8 million yuan can be realized. The company provides sufficient raw materials for processing, bringing significant economic, social and ecological benefits to the project area and surrounding areas.