Specials> GD 12th Five Year Plan> News
Guangdong Accelerates Modern Industry Construction
2011-May-26 Source: Newsgd.com
Text Size: A A A | Print | Share by E-mail:

Guangdong’s modern industry development showed its muscle this year when the Seagull 300 aircraft, GAC Trumpchi and the province’s light rail trains were all unveiled at separate exhibitions showcasing the “Created in Guangzhou” concept that lies at the core of 500 new innovation projects supported by officials.

Last year, Guangdong Party Secretary Wang Yang supported the proposal for 500 projects for Guangdong’s modern industry system development, stressing that these projects will demonstrate upgrades in the province’s innovation capacity. These projects are financed through a 1 trillion RMB fund set aside by provincial officials.

Of the 500 projects, 370 have started construction, with an actual received capital of 100 billion RMB. 70 out of the 100 rising industry projects have begun construction with 17 billion RMB investments. About 75 percent of the 100 advanced manufacturing projects started construction with an input of 18 billion RMB. Nearly 32 trillion RMB has been injected into 75 traditional industry projects and 74 modern industry projects have been launched with an initial input of 29 billion RMB. 73 modern agriculture projects have started construction, with an investment of 4 billion RMB.

15 out of the 25 mega projects among these 500 projects, each with over 10 billion RMB budget, have started construction.

Editor: Olivia
Related News
This site contains material from other media for content enrichment purpose only. The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement. The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content. For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
Info for Non-Residents