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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's economic influence over NKorea grows AFP - Monday, May 18 SEOUL (AFP) - - China accounted for almost three-quarters of North Korea's total trade last year and its economic influence over the impoverished state is expected to grow still further, data showed. ADVERTISEMENT The North's trade volume with the world, excluding South Korea, was 3.82 billion dollars in 2008, the highest figure since 4.17 billion dollars in 1990, the Korea Trade-Investment Promotion Agency said in a report. Trade with China accounted for 73 percent of the total compared to just 33 percent in 2003. The North's total trade deficit widened last year, with exports increasing 23 percent year-on-year to 1.13 billion dollars and imports jumping 33 percent to 2.69 billion dollars. In terms of China trade, the North exported goods worth 750 million dollars while imports were worth 2.03 billion dollars. "North Korea's trade with China hit a record last year and keeps growing," said the report from Seoul's state trade promotion agency. "In the face of the global economic slump and the North's rocket launch, North Korea's external trade is expected to shrink this year. But China's influence on the North Korean economy is likely to grow further." The United Nations ordered tougher enforcement of sanctions after the April 5 rocket launch. While the North said it launched a peaceful communications satellite, other nations said it staged a disguised missile test. The North walked out of nuclear disarmament talks chaired by China after the UN's action and is threatening another nuclear test. Some analysts have called for Beijing to use its growing economic clout to persuade the hardline communist state to return to negotiations. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: China's Economy ADR Report-ADRs rally on economy bets; India, oil supportReuters - Tuesday, May 19 GLOBAL MARKETS-Global stocks rise on economy optimism, bonds offReuters - Tuesday, May 19 US STOCKS-Wall St gains as Lowe's lifts mood on economyReuters - Tuesday, May 19 Applied Materials says US economy still decliningReuters - Tuesday, May 19 Related Articles: Business India's Congress cements power as markets surgeReuters - Monday, May 18 Baidu in talks with workers on strike over pay -WSJReuters - Monday, May 18 Brazil to help Saudi Arabia with food suppliesReuters - Monday, May 18 New Tom Hanks thriller fails to crack 'Code'Reuters - Monday, May 18 German Opel trustee plan has not failed, Merkel saysReuters - Monday, May 18 Enlarge Photo China's economic influence over NKorea grows Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Popular cereal is a drug, US food watchdog says Spacewalkers give Hubble new lease on life Coral Triangle could die by century's end: WWF British store admits it boobed in bra row Australian zoo evacuated after orangutan escape 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

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