BEIJING: China’s trade with North Korea plunged 50 percent in December as U.N. sanctions imposed over Pyongyang’s nuclear and missile development tightened, the government reported Friday.
China accounts for nearly all of the isolated North’s trade and energy supplies. Beijing has imposed limits on oil sales and cut deeply into the North’s foreign revenue by ordering North Korean businesses in China to close, sending home migrant workers and banning purchases of its coal, textiles, seafood and other exports. Imports from the North shrank 81.6 percent to $54 million in December while exports to the isolated, impoverished country contracted 23.4 percent to $260 million, said a spokesman for the Chinese customs agency, Huang Songping.
The U.N. Security Council has steadily tightened trade restrictions as leader Kim Jong Un’s government pressed ahead with nuclear and missile development in defiance of foreign pressure.
Beijing was long Pyongyang’s diplomatic protector but has supported the U.N. sanctions out of frustration with what Chinese leaders see as their neighbor’s increasingly reckless behavior.
Published in Daily Times, January 13th 2017.
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