Beijing-Tianjin-Hebei cluster to see more balanced development
By Wang Yanfei | chinadaily.com.cn | Updated: 2018-02-26 20:47
The government will promote a more balanced development in the Beijing-Tianjin-Hebei cluster, with particular focus on improving transportation, environmental protection and industrial upgrades this year, according to the nation's top economic regulator.
Under the plan, a project database will be set up to help facilitate lending to key projects this year in the region, said an official document.
Such efforts come as the central government intends to ease the mega-city syndrome of the capital, ease congestion and integrate regional economies for more balanced development.
By the end of 2020, around 1,000 manufacturing industries and 300 logistics centers in Beijing will be either shut down or relocated to nearby places, as part of efforts to relocate Beijing's non-capital functions, according to Liu Bozheng, deputy head of Beijing coordinated development office.
