n korea china break ground on their joint economic zone
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

N. Korea, China break ground on their joint economic zone

Arab Today, arab today

Arab Today, arab today N. Korea, China break ground on their joint economic zone

Dandong - Yonhap
North Korea and China on Wednesday broke ground on a border island to develop it into an economic zone, spurring speculation that Pyongyang may embrace Chinese-style economic development to try to revive its faltering economy. The groundbreaking ceremony came on the heels of North Korean leader Kim Jong-il's weeklong trip to China in May to study the neighboring country's spectacular economic development, his third trip to China in just over a year. Beijing has been trying to lure its impoverished ally to embrace the reform that lifted millions of Chinese out of poverty and helped Beijing's rise to becoming the world's second-largest economy. On Wednesday, some 1,000 people from North Korea and China, including Kim's brother-in-law, Jang Song-thaek, and Chinese Commerce Minister Chen Deming, attended the ceremony on Hwanggumphyong Island in the Yalu River that separates the two countries. Several dozen giant advertising balloons were floating in the air as a military brass band played festive songs, and hundreds of doves were released at the ceremony. The messages on the balloons read "North Korea-China friendship and joint development" in a symbolic gesture for their commitment to the project. The two sides also reportedly signed a deal on the joint development project, including lease terms on Hwanggumphyong. No details were immediately available. The massive ceremony came two days after Pyongyang said it will turn the Hwanggumphyong and Wihwa islands into the economic zone to boost friendly ties with China and expand and develop external economic relations. The North's parliament said Monday that the development of the zone will start from the Hwanggumphyong district. The move comes nearly a decade after North Korea scrapped its fledging reform movement. In 2002, the North designated Sinuiju, just across from the Chinese border city of Dandong, as a special economic zone, but the plan fell through after Beijing arrested its governor, Yang Bin, a Chinese-Dutch entrepreneur, on bribery and kickback charges. North Korea is now seeking to boost economic cooperation with China as part of its efforts to achieve its stated goal of becoming a prosperous country by 2012, the centennial of the birth of its late founding leader, Kim Il-sung.
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*

n korea china break ground on their joint economic zone n korea china break ground on their joint economic zone

 



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*

n korea china break ground on their joint economic zone n korea china break ground on their joint economic zone

 



GMT 06:17 2017 Thursday ,09 March

Gold prices continue to fall

GMT 04:48 2017 Thursday ,07 December

Amazon claims record-breaking

GMT 15:37 2014 Sunday ,02 February

The Wives of Los Alamos

GMT 21:49 2017 Sunday ,13 August

Bahrain Bourse daily trading performance

GMT 09:27 2017 Wednesday ,08 February

Know the art of gift giving

GMT 05:13 2017 Sunday ,29 October

ERDEM x H&M unveil cast of campaign

GMT 09:00 2018 Tuesday ,02 January

Saudi Arabia's police find body of kidnapped judge

GMT 11:44 2012 Monday ,16 January

Our bodies most talkative organs

GMT 01:44 2017 Saturday ,21 October

May22nd-June21st

GMT 02:35 2017 Monday ,30 October

(Jan21/Feb19

GMT 05:35 2017 Wednesday ,29 March

S. Africa’s Gordhan ordered home from London

GMT 20:34 2017 Wednesday ,18 January

Gabon drew Burkina Faso in 2nd round of AFCON 2017

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday