Zhanghang Town in Zhaoyuan City is very poor.

Not poor. The machining industry in Zhanghang Town originated from the people's commune period, and now it has 15 backbone enterprises represented by Shan Ying Wheel Group, Yuanxing Group and Crankshaft Group, with fixed assets reaching 300 million yuan.

Zhanghang Town belongs to Zhaoyuan City, Yantai City, Shandong Province.

Zhanghang Town, Zhaoyuan City, known as the "hometown of silver silk" and "Little Rock Town in the North of the Yangtze River", is located in Jiaodong Peninsula, on the coast of Bohai Sea, in the northwest of Zhaoyuan City, with Penglai Xiange in the east, Laizhou Bay in the west, Qingdao Port in the south and Longkou Port in the north. The town covers an area of 160 square kilometers, governs 9/kloc-0 administrative villages, and has a total population of 65,000. The party committee and government of the town adhere to the development idea of "building a town through agriculture, strengthening the town through industry, opening up a lively town and rejuvenating the town through science and education" and constantly carry forward the spirit of "forging ahead in unity, working hard and winning the championship". The town has achieved fruitful results in the construction of two civilizations: it has become a "central township" in Shandong Province, a star township in the construction of small towns and a top 100 township in Yantai City. In 2002, the total rural economic income of the town reached 4.56 billion yuan.