. Energy News .




NUKEWARS
China business is brisk on N. Korea's trade lifeline
by Staff Writers
Dandong, China Dec 15, 2012


On China's economic front line with North Korea, rocket launches are far from traders' minds and few worry about sanctions impeding the flow of cars -- or pianos. China is by far North Korea's biggest trading partner and most of the business passes through its northeastern city of Dandong, where lorries piled high with tyres and sacks were being processed on Friday at a customs post. Some travellers waiting to cross to the North through an immigration checkpoint were carrying wreaths, apparently to mark Monday's first anniversary of the death of leader Kim Jong-Il. If the United States, South Korea, Japan and others want to tighten the economic screws on the North after what they see as a banned ballistic missile test ordered by Kim's son and heir Jong-Un, here would be a good place to start. But Chinese traders do not expect Wednesday's launch to have a significant effect on commercial ties, which so far have survived previous efforts to sanction Pyongyang. Some said life in the isolated state was getting better under Jong-Un. Sun Xiaowei, who works for a company producing wiring in North Korea for export to China and on to South Korea, shrugged off any concerns. Business was "very good", he said. China has long been the North's most important ally and has also become its biggest trading partner in recent years as business with South Korea and Japan has withered in the wake of Pyongyang's nuclear and missile development, and other tensions. Much of the trade across the Yalu river border is not illegal under current United Nations sanctions, which mainly ban weapons-related items and luxury goods. But China's commercial lifeline is seen as helping to thwart international efforts to pressure the isolated North Korean regime to change its ways. Trade with China accounted for 89 percent of North Korea's total imports and exports last year, Seoul's Korea Trade-Investment Promotion Agency said in May, surging 62.4 percent year-on-year to $5.63 billion. In Dandong, there are even signs of increasing wealth in parts of the North's society, with demand for a classic accoutrement of the middle class worldwide -- pianos. "North Koreans want Japanese pianos because the quality is good," said an ethnic Korean Chinese woman who sells second-hand Yamaha and Kawai instruments to North Korean brokers for around $2,000-to-$3,000 apiece -- as many as 10 in a good month. Means of exchange vary. The woman takes US dollars for the pianos, while a Chinese trader said he sells seven or eight cars a month for yuan, and a company employee said his firm mostly bartered trucks for North Korean goods such as coal. Beijing is seen as opposing strong UN measures for fear of destabilising a largely poverty-stricken, hungry and unpredictable nuclear-armed country on its border. It has said any response to the widely criticised launch should avoid "escalation of the situation". That stance would protect the interests of Chinese traders such as Li Hong, who has been dealing with the North for almost 20 years and whose company manufactures womenswear in Pyongyang for export to China. "I think it is getting better and better," she said of the North. Wang Yuangang started exporting vehicles and auto parts to North Korea in the late 1990s -- when "we couldn't even see neon lights in the streets" -- and now has a half-share in a joint venture automaker in Pyongyang. He said he has seen positive changes in the business environment and people's livelihoods since Kim Jong-Il's death. "Many people can afford eating out in restaurants and the decor of newly opened restaurants is quite luxurious." But the regime in Pyongyang is renowned for its secretiveness and North Koreans involved in cross-border commerce were similarly tight-lipped. In one Dandong office a bespectacled North Korean with a hard stare was instantly suspicious of questions from AFP. "What do you want to know?" he asked gruffly.

.


Related Links
Learn about nuclear weapons doctrine and defense at SpaceWar.com
Learn about missile defense at SpaceWar.com
All about missiles at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Get Our Free Newsletters
Space - Defense - Environment - Energy - Solar - Nuclear

...





NUKEWARS
S. Korea says North nuclear test 'highly probable'
Seoul (AFP) Dec 14, 2012
North Korea will likely conduct a third nuclear test following its successful launch of a long-range rocket in the face of global condemnation, a top South Korean official said Friday. "A nuclear test is highly probable, and judging from analysis of intelligence, significant preparations have been made," Unification Minister Yu Woo-Ik told a parliamentary committee, without elaborating. ... read more


NUKEWARS
Wildfires Light Up Western Australia

Environmental satellite produces first photo of Earth

Google Maps returns to iPhone after Apple fiasco

Shadows on ice: Proba-1 images Concordia south polar base

NUKEWARS
Third Boeing GPS IIF Begins Operation After Early Handover to USAF

Putin Urges CIS Countries to Join Glonass

Third Galileo satellite begins transmitting navigation signal

Retired GIOVE-A satellite helps SSTL demonstrate first High Altitude GPS navigation fix

NUKEWARS
Cloud forest trees drink water through their leaves

More bang for bugs

If you cut down a tree in the forest, can wildlife hear it?

As Amazon urbanizes, rural fires burn unchecked

NUKEWARS
NC State Study Offers Insight Into Converting Wood to Bio-Oil

Can Algae-Derived Oils Support Large-Scale, Low-Cost Biofuels Production?

Plastic packaging industry is moving towards completely bio-based products

Gases from Grasses

NUKEWARS
Top-10 Solar Market Predictions for 2013

KYOCERA Surpasses Two Million Solar Modules Produced in North America

Gulf oil states get hot for solar power

Solar panel companies in federal probe

NUKEWARS
US confirms duties on 1towers from China, Vietnam

Offshore wind power: AREVA and STX France ally their expertise

Ground broken on Irish Midlands wind farm

GE, MetLife and Union Bank Invest in Kansas Wind Farm

NUKEWARS
China mine blast kills 17: state media

China mine blast toll rises to 23

China mine blast kills 18: state media

US shale gas drives up coal exports

NUKEWARS
Testing time for China's migrant millions

Stately pleasure dome rises in China's Chengdu

China gives hijackers death sentences

US lawmakers, Chinese friends seek Liu Xiaobo release




The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement