SHANGHAI—The city of Beijing will shut about 1,000 manufacturing firms by 2020 as part of a program that’s aimed at curbing smog and boosting income in neighboring regions, state media said on July 30.
The move is part of China’s plan to upgrade its manufacturing sector, with a focus on developing dynamic, high-tech industries and withdrawing from “ordinary” manufacturing, the Chinese Communist Party mouthpiece People’s Daily reported, citing a recent policy document published by the municipal government of Beijing .
