China's capital, Beijing, will shut about 1,000 manufacturing firms by 2020 as part of a program aimed at curbing smog and boosting income in neighboring regions, state media said. Beijing will focus on dynamic, high-tech industries and withdraw from "ordinary" manufacturing, reported the People's Daily, a Chinese Communist Party newspaper, citing a recent policy document published by the Beijing municipal government.
Imported from the CTE archive to seed discussion on MFGAxis.
Originally published on CTE: 2018-09-05
CTE source: https://ctemag.com/news/beijing-shut-1000-manufacturing-firms-2020/
Legacy path: /beijing-shut-1000-manufacturing-firms-2020