InfoAnda - China, NKorea trade boom despite rocket tensions

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Madoff's beachfront hideaway up for sale -- but it's no steal | 2 September 2009
Time Warner Cable, Disney yet to reach deal | | 2 September 2010
PayPal, Tesla founder goes public on divorce | 9 July 2010

Pope in Jordan to strengthen Christian-Muslim ties | 9 May 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : China, NKorea trade boom despite rocket tensions

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China, NKorea trade boom despite rocket tensions AFP - Monday, April 6 DANDONG, China (AFP) - - Trucks loaded with food, electronic goods, clothes and household items line up every day at the custom house here, awaiting final approval to cross the Friendship Bridge into North Korea. Cross-border trade between China and North Korea is rising quickly in the frontier town of Dandong, despite the political and diplomatic problems that Pyongyang's erratic behaviour has created for Beijing, a long-time ally. "Border trade has been really good. I make a run into North Korea every day now," said one driver surnamed Wang, who delivers goods for a Dandong trading company. "Mostly I'm delivering everyday items, such as food, clothes and household products. These things are in high demand." In recent years, North Korea's acts of brinkmanship -- including a nuclear test in 2006 and now the launch of a long-distance rocket -- have put China in an increasingly awkward position as the secretive regime's main ally. Nonetheless, trade between the two has kept growing and hit a record 2.79 billion dollars in 2008, up 41 percent from the year before. Chinese exports made up two billion dollars, according to Beijing's figures. Businessmen and analysts say that much of the trade is funded by a Chinese government hoping to push forward economic reforms in the isolated and hardline communist nation. Traders here doubted that North Korea's satellite launch Sunday, viewed by the United States and others as a ballistic missile test, would create much of an impact. "Japanese and South Korean business in Dandong is already falling sharply due to the global economic crisis," said Zeng Fei, who helps register Chinese firms for the twice-yearly Pyongyang Trade Fair. "But we don't think the global economic crisis or North Korea's satellite launch will influence China-North Korean trade." Zeng said up to 100 Chinese companies have already registered to exhibit at the fair in May, with business volume expected to rise. "There is good demand for consumer goods in North Korea, especially among the upper classes in Pyongyang," Zeng told AFP from a modern office tower in downtown Dandong. Although bilateral trade between the two made up only a fraction of China's overall 2.56 trillion dollars in foreign trade last year, much of North Korea's purchases were made through credit from Beijing. "The North Koreans pay with some money, but they have a very short money supply, so credit is very important," Shi Yinhong, an international relations expert at Beijing's People's University, told AFP. "The Chinese government has never said how much it gives in either credit or aid. This is a secret, but it is in China's interest to maintain a stable North Korea." China has sought to boost trade so as to encourage North Korea to embark on market-oriented economic reforms, but now fears the isolated nation is growing too dependent on Beijing's aid and credit, Shi said. "The situation has become very complicated, China's assistance has increased their resistance to reform. Now that they have rice to eat, they think they don't need economic reform," he said. According to Selig Harrison, a North Korea expert with the Washington-based Center for International Policy, Beijing's real concern is that North Korea's economy will collapse and China will be inundated with refugees. "China is indeed very concerned that if North Korea implodes it will be awash with refugees and is clearly doing all it can to help North Korea economically," Harrison told AFP. "This is primarily on long-term credit." Other traders in Dandong said trade would increase if North Korea takes on economic reforms and normalises its relations with the United States, Japan and South Korea under six-nation talks on ending Pyongyang's nuclear programmes. The on-again, off-again talks, which also include hosts China as well as Russia, began in 2003 with the promise of aid and diplomatic recognition in exchange for an end to the North's nuclear ambitions. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Japan PM orders US$100 bln economic stimulusAFP - 1 hour 28 minutes ago Europe futures point to higher openingReuters - 1 hour 37 minutes ago India: potential for luxury, but not yetAFP - 1 hour 42 minutes ago China migrants' children endure parent-less lifeAFP - 2 hours 14 minutes ago Related Articles: Business Yen extends losses, dollar climbs above 101 yenReuters - 57 minutes ago Hong Kong court approves PCCW buyout bidAFP - 52 minutes ago Japan to spend over 2 pct of GDP on new stimulusAP - 1 hour 2 minutes ago Dentsu: to book $406 mln loss on shareholdings in Q4Reuters - 1 hour 7 minutes ago MONEY MARKETS-Aussie bill futures price in rate cutReuters - 1 hour 11 minutes ago Enlarge Photo China, NKorea trade boom despite rocket tensions Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Journalists get shock with 'sexy' White House call Explosives chemical found in US baby formula Guantanamo 'soooo beautiful!' Miss Universe says US ready to force out bankers: Geithner Arctic may be ice-free in 30 years: study View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Monday, 6 April 2009
Obama in Turkey for first visit to Muslim country | International |
Macedonian ruling party candidate leads vote | International |
Farrah Fawcett in L.A. hospital: reports | Entertainment |
Fast & Furious speeds to No. 1 worldwide | Entertainment |
At least 16 dead, many injured in Italy quake | International |
Merkel makes surprise visit to Afghanistan
U.N. divided on North Korea launch | International |
Baghdad bomb kills 5 in busy street
U.S. spies on China from Kyrgyz base: Russian TV | International |
Canada says Afghan law on women won't be enforced
Controversial Afghani Shi'a law on hold for review | International |
Ireland's Celtic Tiger economy reduced to a purr
Obama in Turkey for first visit to Muslim country
US ready to force out bankers: Geithner
New boss vows 'reinvented' GM even in bankruptcy
Dubai police accuse Chechnya deputy PM in killing
Putin to defend handling of Russian crisis | International |
Bundchen, Brady wed -- this time in Costa Rica
Jewish city turns 100 and parties through crisis
Madonna leaves Malawi after failed adoption bid
Zimbabwe government sets plan to end isolation | International |
Baghdad bomb kills 5, wounds 15 in busy street | International |
South Africa's Zuma to learn fate in graft case | International |
Rich China, poor China conundrum as clout grows | International |
Media covers U.S. war dead's return after 18-year ban
Cuba not afraid to talk with US: Fidel Castro
US military deaths in Iraq war at 4,266
IBM, Sun merger talks in trouble: report
US warns of potential attack on Nigeria missions
Sony PS3 outsells Nintendo Wii in March in Japan | Technology |
Russian TV says U.S. spied on China from Kyrgyz base
At least 17 dead as strong quake strikes Italy
Obama, Sarkozy clash over Turkey EU bid
French, Canadian aid workers kidnapped in Darfur
U.S. warns of possible attack on embassies in Nigeria
Trial opens in Hong Kong celebrity sex scandal
U.N. divided on North Korea launch
German baby powder taken off shelves in China
Japan to extend sanctions against NKorea
Pakistanis mourn victims of mosque bombing
Carrie Underwood wins country music's top award | Entertainment |
UK charity head held over Bangladesh 'bomb factory'
Sri Lanka says war's end near, 453 rebels killed
Bon Jovi documentary to rock Tribeca Film Festival | Entertainment |
A decade on, East Timor remembers Liquica massacre
Tiger rebel death toll rises to 480
Film world jumping for Easter Bunny | Entertainment |
Seoul shares end at 6-month closing high
U.S. Senator proposes waiting period for ticket resellers | Entertainment |
McCain urges China to back NKorea sanctions
India: potential for luxury, but not yet
S.Korea won up 2.4 pct on stocks, N.Korea ignored
China migrants' children endure parent-less life
Pakistani cenbank buys 54.30 bln rupees of T-bills
US-ENTERTAINMENT Summary
China's markets closed Monday for public holiday
Bon Jovi documentary to rock Tribeca Film Festival
China, NKorea trade boom despite rocket tensions
Film world jumping for Easter Bunny
S.Korean banks willing to up lending-c.bank survey
Art museums hope technology will sustain interest
Taiwan dollar at 3-month high on stocks, won
Michigan museum has $41.9 M restoration
SKorean stock market shrugs off rocket launch
Carrie Underwood wins ACM entertainer of the year
Reports: Bunchen, Brady wed again Costa Rica
Jazz up SAfrica's musical industry: Hugh Masekela
Asian star braves death threat to plug movie
Jazz musician Bud Shank dies in Tucson at 82
Series of bombings in Baghdad Shiite areas kill 34
South Africa prosecutors drop Zuma graft charges | International |
Death toll from Baghdad car bombings rises to 32
Six car bombs kill 34 across Baghdad | International |
Iran calls on U.S. to scrap nuclear arms
U.S. judge allows deportation of accused Nazi guard | International |
Global economic crisis 'far from over': Putin
Polar summit to debate Arctic riches, environment
Spate of Baghdad car bombings kills 18
Pakistan grapples with slide in security; envoy due | International |
Blair urges Netanyahu not to abandon peace talks | International |
New NATO chief pledges conciliation with Muslims | International |
New T-Mobile gadgets to sport Google's Android: report | Technology |
US wants 'clear', 'strong' UN response to NKorea
Sun shares plummet after IBM talks collapse | Technology |
Parents visit US journalist jailed in Iran
Egypt police detain Muslim Brotherhood blogger | Technology |
Obama in Turkey to boost ties with 'critical ally'
Taiwan researchers say invent cheap quake sensing tool | Technology |
Google should defend trademark suit: appeals court | Technology |
Sony PS3 outsells Nintendo Wii in March in Japan
Italy quake toll rises to 40: report
Sony PS3 outsells Nintendo Wii in March in Japan
Japan eyes $100 bln economic stimulus
Farrah Fawcett in L.A. hospital: reports | Entertainment |
Indonesia military plane crash kills 24
Garuda Indonesia pilot jailed over deadly crash
Game creator pitching makeover to save show | Entertainment |
Pakistan grapples with slide in security
Death for Indonesian who killed, mutilated lover
Bomb blast kills six in northeast India
Khmer Rouge defendant says US helped rise to power
Sri Lanka eyes final battle against Tigers
China to provide universal health care by 2020
Fury in Seoul, Tokyo over NKorea launch
Continental launches Chinese R&D centre
Pakistan targets 75 bln rupees in T-bill auction
Hong Kong courts OK, then delay, $2B deal for PCCW
Regis and Kelly take a tour of New Orleans
Yen dives to five-month lows against dollar, euro
Game news: Gameloft rules mobile market
Nokia re-enters key S.Korean market, shares up
"Game" creator pitching makeover to save show
Sri Lanka expects economic growth to drop
Trial opens in HK celebrity sex photo scandal
Japan to spend more than $99 bln in new stimulus
Japan's Nikkei index up for fourth day
Report: Cell phone users in NKorea reach 20,000
Indonesian military plane crashes; 24 killed
Indonesian military plane crashes; at least 17 die
Indonesian pilot sentenced to 2 years for crash
Indonesian military plane crashes with 24 on board
Indonesian military plane crashes into hangar
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01