Mining has been suspended in all nature reserves in northeast China’s Liaoning Province, local authorities said. A total of 11 mines are located in nature reserves in the province. All mines will be closed by the end of this year…Full Article: Oct 2017

Key Point

  • The government of Kuandian Manchu Autonomous County (bordering North Korea), Liaoning Province, will reportedly carry out environmental restoration work once mine operations cease.

ChinaAg Comments

  • Kuandian Manchu Autonomous County is under the administration of Dandong City.
  • In August 2017, the UN Security Council passed a resolution banning North Korean exports of various energy resources include coal, iron, lead, ore (iron and lead), as well as seafood.
  • From January to June 2017, China imported approximately USD 91 million worth of North Korean seafood (i.e. crabs, puffer fish and mackerel fished from the Yellow Sea). North Koreans in turn import alcohol, cooking gas and vegetables at the Port of Dandong. The Port of Dandong generally accounts for 75% of Chinese-North Korean trade.
  • In October 2015, Liaoning Province’s Dandong opened the Guomenwan trade zone (~40,000 sq. meters) with the Democratic People’s Republic of Korea (DPRK). Approximately CNY 1 billion (USD 158 million) was invested to establish the trade zone, which will allow habitants living within ~20 km of the Chinese-North Korean border to trade. In addition, North Korean can spend up to CNY 8,000 (USD 1,260) duty-free per day. At the time, there were reportedly 600 border trade enterprises in Dandong, China, with North Korea accounting for approximately of city’s trade.

Hong Kong Trends

Similar Posts by ChinaAg

Spread the word. Share this post!