At the beginning of 1950 after the founding of New China, Zilang District and Xingren District jointly established Zixing Supply and Marketing Cooperative, the first cotton textile society in southern and central Jiangsu. Some traditional individual weavers in Guanyinshan, whose production unit is family, changed the street hawking before liberation and sold homemade homespun to cooperatives. 1956, in order to better organize the people to take the road of collectivization, the government gathered the looms of various households and established the first collective enterprise-Nantong Bayi Cotton Weaving Society.
In August, 1958, Nantong Bayi Dyeing and Weaving Factory, the first state-owned enterprise in Guanyinshan, was born and started mechanized production.
By the early 1960s, the Cotton Weaving Society had transferred 40 iron and wood looms from the manpower workshop and successfully converted them into power mechanical weaving, which was named the Power Workshop of Bayi Cotton Weaving Society. Since then, the hardworking and brave Guanyin Mountain people have opened up a new road from pedal weaving to mechanization. Guanyinshan's textile industry has gradually formed a relatively complete production vein of spinning, weaving, printing and dyeing and garment processing. Guanyinshan has 1070 production enterprises with more than 30,000 employees. Shuttle looms in more than 900 weaving enterprises have all been upgraded, with rapier looms exceeding 1000, and some enterprises are extending to air-jet looms. With an annual output of 380 million meters, there are 28 printing and dyeing and finishing production lines, forming a product chain of spinning, weaving, dyeing, production, supply and sales, and more than 1000 products have obtained national patents. In 2006, Guanyin Mountain was named as "Jiangsu Famous Yarn-dyed Town".
In 2007, the regional GDP was 654.38+385 million yuan, and the fiscal revenue was 654.38+845 million yuan.
Tongzhou Electronics, Wanda Boiler, Jintongling, Sanjiu Welding Machine and other projects started construction, and the world's top 500 enterprises such as UPS settled in the industrial park, and the industrial quality optimization of Guanyinshan entered a critical period; High-rise buildings such as Wantong City and Donghui Garden have risen rapidly, and the urbanization process of Guanyin Mountain has entered an inflection point; With the completion of roads such as Garden Road, Guo Sheng Road and Xinsheng Road, and the rapid follow-up of a series of urban supporting facilities such as Workers' Living Center and HSBC Charm City, various production factors of Guanyin Mountain have entered the generation period. Guanyinshan Town, known as the East Gate of Chongchuan, followed the pace of "taking the lead in modernization" in Chongchuan, and successively launched a series of large-scale projects, and the development and construction boom became higher and higher. The approach bridge of Sutong Bridge, which attracts worldwide attention, leads directly to Guanyin Mountain. After the bridge is opened to traffic, the location advantage of Guanyin Mountain will be further highlighted. Guanyin Mountain faces a golden opportunity. On the basis of existing achievements, how to give full play to the role of "bridge" and make the economic and social construction of Guanyinshan Town go up a storey still higher. The tough battle for investment promotion projects.
Taking economic construction as the main line, Guanyinshan will be built into a new industrial city and a strong industrial town. Accelerate the development of traditional industries to core technologies and high-end links, and improve the added value of products and industrial competitiveness. Strengthen secondary production and tertiary production, and realize secondary production and tertiary production simultaneously. We will expand leading industries such as fine yarn-dyed fabrics and clothing, and cultivate and expand emerging industries such as new energy and new materials. Create four service economic circles: the new industrial economic circle, the new residential economic circle, the automobile economic circle of the municipal vehicle management office and the modern service street, and strive to lengthen the tourism industry chain; Start the construction of the East Railway Station Logistics Center, and continuously increase the contribution share of the service economy to the regional GDP. As the largest township in Chongchuan District, through five years' efforts, "the total economic output has doubled and a Guanyin Mountain has been rebuilt".