Friday, March 1, 2013

China moves ahead with North Korea trade zone despite nuclear test

China appears to be pressing ahead with plans to invest in a North Korean free trade zone in a sign that its recent nuclear test has not soured its economic ties with its only major ally.

While Beijing has not made clear whether the test would disrupt its investment plans for the Rason economic zone, an official at the zone's joint management office told Reuters that all previously announced Chinese projects for the zone remain on track, including a power line from China to ease acute electricity shortages there.