China's Hebei province targets $23 billion 'ice and snow' industry by 2025


FILE PHOTO: Residents on their bicycles and electric bikes wait for the traffic at an intersection amid heavy smog in Shijiazhuang, Hebei province, China, December 10, 2015. REUTERS/Stringer/File Photo

SHANGHAI (Reuters) - Northern China's Hebei province will build winter sports and tourism facilities to create an "ice and snow industry" worth as much as 150 billion yuan ($23.33 billion) a year by 2025, the provincial government said on Wednesday.

Smog-prone Hebei, which surrounds the capital Beijing, is looking for new and sustainable sources of economic growth to reduce its dependence on polluting heavy industries like steel and chemicals.

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