: :inin Kyiv (EET)

China bets on North Korea in gamble to save rustbelt


Hunchun (China) (AFP) – At China’s very farthest limits, a town sandwiched between North Korea and Russia stands at the heart of Beijing’s plan to revitalise its bleak, frigid northeastern rustbelt.Beijing has a vision of turning the nondescript outpost of Hunchun into a regional Asian trading hub, and is spending tens of billions of dollars to turn it into reality.Less than 70 kilometres away in North Korea, the port of Rason offers access to the sea and a shorter trade route to Japan, one of China’s biggest trading partners, than almost any of its own harbours. But the ambitious plan …read more

Source: Business Insider

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