Chinese pressure hits North Korean trade
April 26, 20176:05am
North Korean defectors prepare to release balloons carrying leaflets and a banner denouncing North Korean leader Kim Jong Un for North Korea's latest nuclear test. Picture: AP
AFP, News Corp Australia Network
CHINA’S push to use its trading clout to hurt North Korea is starting to be felt as new figures show a sharp drop in imports.
New figures show that Chinese imports from North Korea fell 35 per cent month-on-month in March, after Beijing suspended coal purchases to punish its nuclear-armed neighbour for missile tests.
Total imports from the North by China — Pyongyang’s sole major diplomatic ally and chief trading partner — stood at $US114.56 million ($151 million) last month, down from $US176.7 million ($233 million) in February, according to Chinese customs data.
READ MORE: http://www.news.com.au/finance/chinese-pressure-hits-north-korean-trade/news-story/355e8d2c685f438f07570cd7fbb83c58
But Beijing has maintained exports to the Stalinist regime.
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