CuCheng Service Gruop---Company Register Consultant, Accounting Service, Auditing Service

According to sources from Guangzhou Municipal Economic and Trade Commission, it has established a work group on administration of key municipal construction projects to follow up Guangzhou's key industrial construction projects in 2012. Altogether 30 key municipal industrial construction projects will be followed up in 2012, with a total investment of RMB 84.855 billion yuan, and an investment of RMB 9.385 billion yuan is proposed for 2012. 11 of these projects are auto industry projects, and others are electromechanical, shipbuilding and power grid projects.

Guangzhou vigorously develops the auto industry, 11 of the 30 key projects to be followed up are auto industry projects, and others are electromechanical, shipbuilding and power grid projects.

Seven of Guangzhou's key industrial projects are scheduled to be completed in 2012, including the Phase 1 relocation project of Zhujiang Brewery, (Guangzhou) National Engineering Laboratory for UHV Technology of Southern Power Grid, etc.

Launched in early 2011, the phase 1 relocation project of Zhujiang Brewery will be completed in 2012. Located in Wanqingsha Tongxing Industrial Park in Nansha Development District, with a total investment of RMB 560 million yuan, the project will construct a brewing line with a brewing capacity of 200,000 tons and a filling capacity of 300,000 tons.

According to Guangzhou Municipal Economic and Trade Commission, to effectively follow up the key industrial construction projects in 2012, Guangzhou will establish and improve the system of three-level responsible persons, the system of comprehensive coordination, the system of site work, the system of liaison and the system of monthly reporting.

According to the system of monthly reporting, the Monthly Report on Key Construction Projects shall be submitted prior to the third day of every month, besides involving facts of investment completion, fund placement and project progress, also involving construction difficulties, problems, suggestions, etc. The work group will also establish the system of comprehensive coordination to straighten out and categorize problems reported by project undertakers in communication and coordination with relevant departments, organize relevant departments for special studies on common and prominent problems, work out solutions and submit problems to municipal government for coordination and solution when necessary. Divisions and offices in charge shall work on the project site at least once a quarter to find out project progress and coordinate to solve existing problems.