The New Trend Of Border Trade Between North Korea And China

The third quarter of the two countries

The border trade between North Korea and China is no longer a barter exchange, nor is it confined to seafood. The amount has also increased steadily.

In 2008, trade between China and DPRK increased by US $2 billion 793 million, an increase of 41.3% over the same period last year.

Among them, China exported 2 billion 30 million US dollars, an increase of 46%, and imports of US $760 million, an increase of 30.2%.

The trade volume between China and DPRK in the third quarter of this year amounted to US $1 billion 73 million.

Over the same period, North Korea's exports to China amounted to US $627 million, up to 2.5 times last year (US $252 million).

There are nearly 600 border trade enterprises in Dandong, Liaoning, and nearly 100 thousand people depend on eating "border trade rice" to survive.

China and South Korea are the main countries in developing economic cooperation with the DPRK.

But China's share of the economy is much larger than that of South Korea.

For example, in 2009, China accounted for 73% of the total trade volume of the DPRK.

At present, the products of bilateral trade are mainly: North Korea imports oil and corn from China, exports coal and iron ore to China.

In the next few years, the trade volume and product category will expand.

North Korea will be located in the Yalu River on the island of Wei and Huang Ping Island (the two islands are located in the superior location, is the central area of trade between China and North Korea) in the form of leasing to China, the lease extended from 50 years to 100 years, to build two islands into the Korean version of Hongkong.

Under this grand strategy, Dandong plans to accelerate the establishment of a trading zone, a comprehensive border bonded zone, and a Sino Korean border crossing.