Chinese Customs reports imports drop from North Korea

18 Juillet, 2017, 02:57 | Author: Claudine Rigal
  • Chinese Customs reports imports drop from North Korea

"Flustered by the successful test-launch of our intercontinental ballistic rocket Hwasong -14, the United States is in a frenzy trying to drum up an unheard-up "ultra-intense sanctions resolution" opposing us in the UN Security Council", the spokesperson said. We have much to learn from confidence-building measures adopted during the Cold War to diminish risks of nuclear annihilation from needless provocation and accidental war.

As part of China's moves to honor resolutions that target Pyongyang's nuclear and missile programs, China suspended coal imports from its northeastern neighbor starting Feb 19, the Ministry of Commerce confirmed later in the same month.

China's overall imports from North Korea fell 13% compared to the first half of 2016, said Huang Songping, a spokesman for China's customs department.

A Chinese government official said Thursday that China-North Korea trade was worth $2.6 billion in the first half of 2017, up about 10% over the same period previous year.

Noticing their strengthening trade relations last week, Mr Trump tweeted: "Trade between China and North Korea grew nearly 40 per cent in the first quarter".

A spokesman said textile products were at the top of the list of its exported goods, followed closely by other traditional items.

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Fixed asset investment was also up, with increases between January to June of 8.6% on year, ahead of expectations. On the other hand, China failed to secure a place in the top 15 economies in terms of GDP growth rate.


Shares Bouncing Above The Trend Line: PayPal Holdings, Inc. (NYSE:PYPL)
This buyback authorization allows the credit services provider to purchase up to 9.3% of its shares through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.


China welcomes South Korea's proposal to hold talks with Pyongyang
The group proposed the family reunion to be held on October 4, in time for the Chuseok holiday, Korea's harvest festival. The ministry requested Pyongyang respond to its offer through the newly-restored western border military hotline.


That increase "cannot be used as evidence questioning China's seriousness in fulfilling UNSC resolutions", Huang said.

In a forum on peace and security in the Korean Peninsula held in Makati City yesterday, the South Korean official who asked not to be named in this report pointed out that the Philippines is one of the leading Association of Southeast Asian Nations (ASEAN) countries that can play a role in encouraging China and the United States to cooperate with each other and curb North Korea's nuclear arms threat.

Shortly after their meeting, Trump said he had told Xi that China would get a better trade deal if it reined in North Korea.

The Chinese side countered, explaining that North Korean coal imports were halted from mid-February, with import value declining 30-40% starting in March. -China trade friction, China had a $25.4-billion trade surplus with the United States in June, up from $22.0 billion in May, customs data showed. Under President Vladimir Putin, Russian foreign policy is reductive: Whatever causes the United States and its allies a major headache is by definition welcomed.

Seoul said it is willing to pay the money, the first time any such request is being considered since the North's last nuclear test carried in January past year.

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