north koreas trade with china hit by sanctions
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

North Korea's trade with China hit by sanctions

Arab Today, arab today

Arab Today, arab today North Korea's trade with China hit by sanctions

China's imports from North Korea slowed in July
Beijing - AFP

China's imports from North Korea slowed in July while its exports to the sanctions-hit country dwindled after surging in recent months, according to official Chinese statistics.

Overall, bilateral trade between the two countries stood at $456 million last month, down nearly seven percent from June, according to General Administration of Customs figures.

The decline is partly due to a steady decline in China's imports from its neighbor, which fell to $156.3 million in July, down three percent from the previous month and more than 30 percent year on year.

China, the main ally of Pyongyang and the recipient of some 90 percent of North Korea's exports, suspended all imports of coal in February in compliance with United Nations sanctions. 

The aim of these restrictions is to deprive the Kim Jong-Un regime of crucial currency sources in order to check its controversial nuclear programme. 

Following a seventh round of sanctions adopted in early August by the UN Security Council, Beijing recently announced it will also suspend its purchases of North Korean iron, lead and seafood. 

Chinese exports to the Stalinist regime fell to $299.8 million in July, down more than eight percent from June.

But exports were up 55 percent year on year. North Korea considerably increased its purchases from the Asian giant in recent months, including appliances, mechanical parts, textiles and solar panels. 

In Dandong, a Chinese border town, AFP found last month that vibrant trade continued despite sanctions - with many Chinese shops continuing to offer jewels made of North Korean gold and silver, which have long been banned from the other side. 

US President Donald Trump has urged China to step up pressure on its turbulent neighbour.

The Trump administration angered China this week by slapping punitive measures on several Chinese and Russian companies accused of supporting the North Korean nuclear programme and attempting to evade US sanctions.

The key targets were Chinese coal importers.  

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*

north koreas trade with china hit by sanctions north koreas trade with china hit by sanctions

 



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*

north koreas trade with china hit by sanctions north koreas trade with china hit by sanctions

 



GMT 09:32 2018 Wednesday ,12 December

Huawei CFO gets bail; China detains ex-Canadian diplomat

GMT 09:03 2018 Wednesday ,24 January

German investor confidence surges in January

GMT 11:33 2018 Tuesday ,11 December

Top EU court backs legality of ECB bond buying

GMT 15:25 2017 Thursday ,28 December

US home values soar in 2017, renters shell out record

GMT 05:38 2014 Tuesday ,27 May

Feng Shui decorating tips

GMT 12:03 2018 Monday ,22 January

Mongolia – Vast wilderness and rugged adventure

GMT 09:28 2018 Sunday ,14 January

launches Holographic Content collection

GMT 19:27 2017 Sunday ,31 December

June 21 - July 21

GMT 14:10 2017 Thursday ,12 January

War and elections in the DRC

GMT 22:10 2017 Wednesday ,22 February

Roads will be free of traffic jam, accidents soon
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