Guangdong Brewery has issued a statement of intent for the next five years. The company, which last week attracted a US$71m investment from Heineken, said today that it intends to break into China's top five of brewers by volume by 2009.

The chairman of Guangdong's parent company GBH, Wu Jiesi, told reporters that the brewer will look to expand its base in the southern province of Guangdong to other parts of China. Jiesi told Reuters: "We are not after size, we are after profitability."