China issues plan to rejuvenate old industrial base

China will expand an urban regeneration plan for ageing industrial cities as part of efforts to restructure the economy and promote more sustainable growth, the National Development and Reform Commission said on Tuesday.

The plan, to run from this year to 2020, covers 95 prefecture-level cities and 25 municipalities and capital cities that were once the core of China’s heavy industrial base. A blueprint issued in November 2011 covered 62 cities.

via Business feed http://www.scmp.com/business/economy/article/1205458/china-issues-plan-rejuvenate-old-industrial-base