Beibaixiang Town is an important industry and trade town in southern Zhejiang, with relatively developed industry. In 2000, Beibaixiang Town had built three modern industrial parks with a total factory area of ??185,000 square meters and a total investment of 197 million yuan, and formed six major industries including low-voltage electrical appliances, electronics, home appliances and furniture, machinery manufacturing, clothing technology, and building materials. Pillar industries and ten major professional markets include iron sheets, building materials, home appliances, clothing, small commodities, motorcycles, silicon steel sheets, standard screw parts, and agricultural and sideline products. In 2000, the town's total industrial and agricultural output value reached 3.39659 billion yuan, the foreign trade export supply value was 292.01 million yuan, the total fiscal revenue was 70.55 million yuan, and the annual per capita net income of villagers was 6,867 yuan. The comprehensive economic strength ranked among the top 30 towns in Wenzhou City and Zhejiang Province. Ranked among the top 100 towns.

In 2006, the total industrial and agricultural output value of Beibaixiang Town was 12.95 billion yuan, a year-on-year increase of 16.7%. The total tax revenue was 673 million yuan, a year-on-year increase of 16.7%. Fiscal revenue was 115 million yuan, a year-on-year increase of 16.2%. The value of foreign trade export supplies was 2.1 billion yuan. The annual per capita net income of farmers is 12,100 yuan. Its comprehensive economic strength ranks 167th among the top 100 towns in the country, 30th among the top 100 towns in Zhejiang Province, and 7th among the top 30 towns in Wenzhou City.

In 2006, there were 242 enterprises above designated size in the town (including 18 enterprises with an output value of over 100 million yuan), with an output value of 9.645 billion yuan, a year-on-year increase of 9.5%. The total industrial economy ranks second in Yueqing City. Invest 500,000 yuan in science and technology funds and create 2 science and technology demonstration bases. Enterprise technology has obtained 128 patent authorizations. One new national well-known trademark was added. Self-operated exports were 1.19 billion yuan, a year-on-year increase of 21.9%. The contracted foreign capital introduced was 7.75 million US dollars, the actual utilized foreign capital was 1.59 million US dollars, and the actual domestic capital in place was 18 million yuan.