Monday, 24 October 2011

China says trade with NKorea has nearly doubled (AP)

BEIJING ? China says trade with its close ally North Korea nearly doubled in the first seven months of the year compared with the same period in 2010.

The official Xinhua News Agency says the 87 percent increase was announced Sunday at the start of a visit to the North by Chinese Vice Premier Li Keqiang that reaffirms strong ties between the two countries.

North Korea relies heavily on China for food and fuel aid, as well as many ordinary consumer products. Chinese companies are the main investors in North Korean mining operations, and the sides recently signed agreements on road building and jointly developing an industrial park on an island near the Chinese city of Dandong.

Xinhua gave no other details in its report.

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20111023/ap_on_bi_ge/as_china_nkorea

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