In May 2022, the Royal Golden Eagle (Rugao) Industrial Park, with a total investment of 41 billion yuan ($5.65 billion), broke ground in Changjiang town.

As the largest-ever investment in a single province by Singapore's Royal Golden Eagle Group in China, the industrial park's first phase has now successfully commenced operations. A white cardboard project of Asia Symbol boasts an annual production capacity of 1 million tons, producing 100-percent biodegradable products. Additionally, a Lyocell project, with a designed annual capacity of 100,000 tons, has also started production, contributing to the development of a green, low-carbon lifestyle.

Rugao has formed a dedicated team to address issues related to land, energy, and power access for the industrial park. Yu Kefeng, the government relations and information officer for the park, said, "With strong support from various government departments, the time required to complete all approval procedures has been reduced by one-third, making the park the fastest of its scale within the group to be constructed and operational."

Yu added, "The successful launch of the first phase gives us the confidence to accelerate planning and construction on the second phase."

Aiming to establish a high-end, green, intelligent manufacturing base with global influence, Royal Golden Eagle (Rugao) Industrial Park is set to continue driving Rugao's green economic development.