The town is not only suitable for the growth of rice, cotton, hemp, oil, sericulture and various fruits and vegetables such as mustard tuber, pepper, beans, cabbage, pumpkin and other crops, but also conducive to the cultivation of various freshwater fish, shrimp, river crab, eel, loach and lotus root, so it has the reputation of "land of fish and rice". Agriculture has formed ten pillar industries such as grain, cotton, hemp, oil, fruits, vegetables, silkworms, lotus, livestock and poultry, and fresh fish. Township enterprises mainly include construction, building materials, textiles, machinery manufacturing and agricultural and sideline products processing.

Textile, food and machinery are the main industries, and electric power, chemical industry, building materials, metallurgy, electronics and mining have begun to take shape. Some traditional famous products, such as bamboo summer sleeping mat, bamboo products, preserved eggs, golden flower fermented bean curd, Xiangzhong iron pot and Chinese socks, have long been well-known at home and abroad. Textiles such as ramie fabrics, knitted underwear, bed sheets and jute carpets, mechanical products such as Dongfeng brand dump trucks, non-horsepower diesel engines, standard sewing machines, elevators and transformers, various foods such as "boat brand" xianglian canned food, umami eggs and meat, light industrial products such as leather and plastics, and many products such as sulfuric acid, pesticides and plexiglass have won the title of quality products at or above the provincial level.