China July trade with North Korea slows from June as coal ban bites

23 Aug 2017   China, Coal, North Korea

China’s trade with North Korea fell in July from a month earlier, data showed on Wednesday, as a ban on coal purchases from its isolated neighbor slowed imports amid growing pressure from the United States to rein in Pyongyang’s missile program. The world’s second-largest economy imported and exported goods worth $456 million in July, down from $489 million in June, according to data from China’s General Administration of Customs. It was up from $426 million in July last year, according to data on the customs website. Year-to-date, trade was up 10.2 percent at $3.01 billion. The data indicates that China’s move to halt North Korean coal imports in February has crimped Pyongyang’s ability to raise hard currency through exports. Iron ore arrivals from North Korea in […]

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