Spike Audit Bureau: "Guangzhou Optics Valley" occupancy rate is less than 20%

At the beginning of this month, Guangzhou re-launched “Guangzhou Optics Valley” with high-profile, saying that the output value of the light industry is expected to exceed 360 billion yuan in four years. For the LED and lighting industry, which is the mainstay of “Guangzhou Optics Valley”, the industry has been worried about overcapacity. On September 24, the audit results of the Guangzhou Municipal Audit Bureau showed that as of June last year, the occupancy rate of the Guangzhou International Commodity Exhibition and Trade City Phase I project (“Guangzhou Optics Valley” project) was only 18.96%.

On September 3, the “Guangzhou Optics Valley” kick-off meeting was held. Guangzhou Municipal Party Committee Secretary Wan Qingliang and Mayor Chen Jianhua attended the meeting and invited five academicians in the field of optics to jointly kick off the "Guangzhou Optics Valley". According to the meeting, the output value of Guangzhou's light industry in 2016 should exceed 360 billion yuan.

However, three days ago, Zhang Jieming, director of the Guangzhou Municipal Audit Bureau, reported to the Guangzhou Municipal People's Congress a series of audit questions on the International Commodities Exhibition and Trade City.

The audit results show that the exhibition and trade city project failed to complete the construction scale target proposed in the feasibility study report; after the construction scale was reduced, the expected construction target was still not achieved. The audit also found that the operation and operation of the exhibition and trade company was not standardized, and the investment and income of the project did not match. As of June 2012, the occupancy rate of the exhibition city project was only 18.96%, and the occupancy rate did not reach the target; the company continued to lose money and the operation faced Seriously difficult.

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