Authorities in northeast China’s Liaoning Province on Thursday opened a trade zone with the Democratic People’s Republic of Korea (DPRK). The Guomenwan trade zone in the city of Dandong covers an area of 40,000 square meters and involves an investment of 1 billion yuan (158 million U.S. dollars). Residents living within 20 km of the border will be able to exchange commodities at the marketplace with people from the DPRK and enjoy a duty-free policy if spending less than 8,000 yuan (1,260 U.S. dollars) per day…Full Article: ECNS.cn Oct 2015
- As of 2015, there were reportedly 600 border trade enterprises in Dandong, China, with North Korea accounting for approximately of city’s trade.
- China was once a major importer of North Korean blueberries. From January 2006 to September 2012, Chinese imports of cranberries, bilberries, and blueberries were somewhat erratic, dipping to 975 metric tons (MTs) in 2009 before increasing to over 3,000 MTs in 2011. Chile, the United States, and North Korea were the top suppliers. From 2006 to September 2012, Chile witnessed their import share (by volume) of China’s market jump from 1% to 54%. The U.S. also saw growth, with their import market share rising from 10% to 31%. However, their share has stagnated somewhat around 30% since 2010. North Korea noted a decline of 20% to 8% over the same time period.