Economics
China's Trade With North Korea Slumps as Nuclear Sanctions Bite
- Customs says there’s no record of seafood imports in September
- United Nations agreed on two rounds of sanctions since August
Trucks cross the Friendship Bridge from North Korea to China.
Photographer: Greg Baker/AFP via Getty ImagesThis article is for subscribers only.
China’s trade with North Korea slumped in September, amid United Nations sanctions aimed at deterring Kim Jong Un from pursuing his missile and nuclear-weapons program.
Exports to North Korea fell 6.7 percent last month versus a year ago, while imports fell 37.9 percent, customs administration spokesman Huang Songping said at a briefing in Beijing. North Korea’s deficit with China more than tripled in the first nine months of the year from the same period in 2016, to $1.07 billion, he said, without giving further explanation.