GPS News  
NUKEWARS
China-N. Korea trade battered by UN sanctions
by Staff Writers
Beijing (AFP) Jan 14, 2019

China's trade with North Korea plummeted last year, data showed Monday, as harsh UN sanctions batter the nuclear-armed country's economy.

Beijing is a key ally of the isolated state and its main source of trade and aid -- but in 2017 it backed United Nations measures to punish Pyongyang over its nuclear and ballistic missile activities.

The sanctions on trade in North Korea's most valuable commodities sent bilateral trade plunging 52.4 percent last year compared to 2017.

China's imports from its neighbour dropped 88 percent in 2018 year-on-year to 1.42 billion yuan ($210 million), while its exports slumped 33.3 percent to 14.7 billion yuan ($2.18 billion), according to customs administration spokesman Li Kuiwen.

"For trade between China and North Korea, we are strictly implementing the resolutions of the (UN) Security Council," Li told reporters.

The trade sanctions seek to cut off the North's access to hard currency by banning its main exports -- coal and other mineral resources, fisheries and textile products.

They have pummelled the country's economy, which contracted 3.5 percent in 2017 -- its worst showing in two decades -- South Korea's central bank said last year.

The North's mining industry slumped 11 percent in 2017, the Bank of Korea said, after growing 8.4 percent in 2016.

Manufacturing output also fell 6.9 percent that year -- down from 4.8 percent growth -- while agriculture and fisheries slipped 1.3 percent, after also expanding in 2016.

China and Russia have both said the UN should consider relaxing sanctions on Pyongyang, while Washington is demanding the North give up its nuclear arsenal before any relief from sanctions is granted.

Last week North Korean strongman Kim Jong Un made his fourth visit to China, with Chinese President Xi Jinping backing him in the deadlocked nuclear talks with the US while insisting the two sides should meet "halfway".


Related Links
Learn about nuclear weapons doctrine and defense at SpaceWar.com
Learn about missile defense at SpaceWar.com
All about missiles at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


NUKEWARS
China's Xi hopes US, N. Korea will 'meet halfway'
Seoul (AFP) Jan 10, 2019
Chinese President Xi Jinping offered North Korean leader Kim Jong Un firm backing in deadlocked nuclear talks with the United States, insisting the two sides should meet "halfway", state media said Thursday. Kim visited Beijing by train this week for two days of discussions that reasserted China's role in the process, and were seen as a strategy session ahead of a second summit between the North Korean leader and US President Donald Trump. At their first meeting in Singapore in June, Kim and Tru ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

NUKEWARS
Rice plants engineered to be better at photosynthesis make more rice

Fish farmers of the Caribbean

Kosher high-tech office lures Jerusalem's ultra-Orthodox

Cow breathalyzers help scientists measure methane emissions

NUKEWARS
Arbitrary quantum channel simulation for a superconducting qubit

Saving energy by taking a close look inside transistors

Machine learning and quantum mechanics team up to understand water at the atomic level

Quantum scientists demonstrate world-first 3D atomic-scale quantum chip architecture

NUKEWARS
US objections stop Croatia buying Israeli fighter jets: minister

Britain declares it's F-35B fighters are ready for combat

Air Force accepts first KC-46A Pegasus tanker

Air Force conducts first F-35 test flight led by female pilot

NUKEWARS
For auto tech at CES, "user experience" becomes the key

2D materials may enable electric vehicles to get 500 miles on a single charge

GM sees higher 2019 profits on job cuts, solid US, China sales

Fiat Chrysler to pay $515 mn in US 'dieselgate' settlements

NUKEWARS
Environment, labour concerns delaying China-backed free trade pact

China says US trade talks 'laid foundation' to resolve concerns

US official says China trade talks 'went just fine'

China will tackle US trade dispute in 2019: minister

NUKEWARS
Beech trees are dying, and nobody's sure why

Head of Brazil's environmental agency resigns

Revised Brazilian forest code may lead to increased legal deforestation

Forest soundscapes could aid biodiversity studies and conservation

NUKEWARS
Satellite images reveal global poverty

New nanosatellite system captures better imagery at lower cost

Declining particulate pollution led to increased ozone pollution in China

China launches six Yunhai-2 satellites for atmospheric environment research

NUKEWARS
Carrying and releasing nanoscale cargo with 'nanowrappers'

Illuminating nanoparticle growth with X-rays

Pitt chemical engineers develop new theory to build improved nanomaterials

MIT team invents method to shrink objects to the nanoscale









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.