Beijing to shut down 1,000 manufacturing companies by 2020

Beijing will shut down 1,000 manufacturing companies and 300 markets and logistics centers by 2020, to further move its non-capital functions out of the city, according to a press conference from the ongoing local legislative session Saturday.

Some 500 Enterprises Set to Close Down in Beijing

The authorities of the Chinese capital of Beijing intend to close around 500 enterprises situated within the city to tackle the overpopulation and environmental pollution issues, Xinhua reported on Wednesday.