Arab Today, arab today north korea\s trade with china shaken after jang\s execution
Last Updated : GMT 10:35:06
Arab Today, arab today
Arab Today, arab today

North Korea\'s trade with China shaken after Jang\'s execution

Arab Today, arab today

Arab Today, arab today North Korea\'s trade with China shaken after Jang\'s execution

Beijing - Yonhap

North Korea has reinforced customs checks on shipments of mining products to China since the stunning execution of the once-powerful uncle of leader Kim Jong-un last December, confounding cross-border traders and halting investment into the North's special economic zones, data and two sources familiar with the matter said Friday. North Korea executed Jang Song-thaek, the uncle and the right-hand man to Kim, as a traitor. The death of Jang, who had close relations with the Chinese leadership by playing a key role in attracting Chinese investors for the North's economic projects, raised heightened doubts about short-term economic ties between the two nations. South Korea's spy agency believes that the demise of Jang stemmed from a power struggle over the control of lucrative coal-related state businesses. Coal is the North's No. 1 export item to China. "In January and February this year, North Korea significantly stepped up checks on its coal exports to China," a source in Beijing said on the condition of anonymity. "Such reinforced checks appear to be related to the execution of Jang Song-thaek," the source said. According to the latest data by the Korea International Trade Association in Seoul, North Korea's exports of coal to China in February fell 26 percent from a month ago to 920,000 tons. The North's exports of iron ore to China also fell 23 percent in February from a month earlier to 197,000 tons. The North's total trade with China in February plunged 46 percent from a month earlier to US$255 million, the data showed. In Dandong, the Chinese border city with North Korea where about 80 percent of bilateral trade is conducted, the flow of goods in and out of North Korea appears to be affected by the execution of Jang. "In previous years, the North Korean authorities had usually set their annual targets for exports and imports, and given quotas to trading firms," said another source in Dandong who is doing businesses with North Korea. "But, no quota has been given yet this year. "Obviously, the mood is different than previous years," the source said. No progress has been made on special economic zones, including Hwanggumphyong and Wihwa, set up by the North on the border with China, according to the source. "Under the current circumstances, Chinese investors will not invest in the North's special economic zones," the source said

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today north korea\s trade with china shaken after jang\s execution Arab Today, arab today north korea\s trade with china shaken after jang\s execution

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today north korea\s trade with china shaken after jang\s execution Arab Today, arab today north korea\s trade with china shaken after jang\s execution

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday