Chinese Trade With North Korea Plunged by 50% Last Month
Full-year trade between neighbors shrinks more than 10 percent
Latest sign Beijing implementing UN sanctions against neighbor
China’s trade with North Korea shrank by more than half last month, as Beijing implements United Nations sanctions against Kim Jong Un’s nuclear weapons program.
The value of Chinese goods exported to North Korea last month fell 23 percent year on year, according to data released Friday by China’s General Administration of Customs. Imports from the country also plunged 82 percent in December. All told, trade between the two sides fell almost 51 percent during the month.