Don’t miss the latest developments in business and finance.

China vows support for North Korean economy amid sanctions

Image
AP Beijing
Last Updated : May 03 2018 | 3:15 PM IST

China says it fully backs North Korea's efforts to develop its economy following the imposition of United Nations sanctions that have cut trade between them by around 90 per cent.

The Foreign Ministry quoted Minister Wang Yi as telling his North Korean counterpart during a visit to Pyongyang on Wednesday that China treasured traditional relations and applauded recent moves to reduce tensions on the Korean Peninsula, further underscoring the recent improvement in ties between the two.

Wang said China was willing to work with Pyongyang to boost "practical economic and trade cooperation" and fully supported the North in "concentrating its strength to carry out economic construction."

Also Read

First Published: May 03 2018 | 3:15 PM IST

Next Story