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Wang Chao (pseudonym), a finance official from Dandong's Foreign Trade Administrative Department, has been facing a dilemma of late. He has been in charge of getting trade companies to participate in the Pyongyang International Trade Fair each year. Started in 1998,cheap gucci, the trade fair is now held twice each year, in spring and autumn,true religion outlet Online | true religion jeans and jeans Sale., with companies from 100 countries and regions representing diversified industries having taken part.As the biggest business partner for North Korea,oakley sunglasses outlet, Chinese companies used to actively participate in the trade fair. Statistics from Dandong's Foreign Trade Administrative Department showed that more than 70 percent of participants came from China.However,hotelwestpoint, due to North Korea's provocative moves in recent months,kcenergy, Wang was ordered not to send any company to the Pyongyang International Trade Fair in May this year."The autumn trade fair will start in September. It is time for us to prepare for the event, but I have received no order from higher authorities on whether or not to get ready for it," Wang told the Global Times."We're very passive. After the UN sanctions on North Korea, a lot of bilateral cooperation has been suspended,www.hotelwestpoint.com/truereligion.html," Wang said.Wang is not the only one who has been trapped by the ups and downs of bilateral relations. The political changes on the Korean Peninsula have had a huge impact on economic ties,oakley outlet-oakley online-oakley sale- oakley store, both at the grass-roots and official levels. Historical linksChina remains North Korea's biggest trade partner by a very long way. The trade volume between China and North Korea amounted to $5.93 billion in 2012,http://www.pchis.com/, a 5.4 percent increase year on year, according to Reuters.However,tory burch shoes outlet, China reduced cross-border trade in a backlash against the North's rocket launches and threats of violence. Official statistics from Dandong's Foreign Trade Administrative Department showed Chinese exports to North Korea dropped from $320 million in the first four months of last year to $280 million in the same period this year. The trade volume from Dandong to North Korea occupied over 80 percent of the total trade volume from China to North Korea, official statistics showed.Individual companies are also implicated. "The unstable political situation in North Korea has meant uncertainty for our business there. Our company has been reducing our investments and trade with the North this year," Wang Tao, the deputy general manager of a Dandong import and trade company, told the Global Times. Wang's company has been trading with North Korea since the 1990s,http://www.hotelwestpoint.com/?p=435&lang=en, including mining exploration,tory burch outlet, commodities and processing trading.Government-led cooperation between China and North Korea is also faltering. In September 2012, China and North Korea announced the launch of a special economic zone (SEZ) on the islands of Hwanggumpyong and Wihwa. With top officials of both countries attending the launch, China was granted a 100-year lease over the islands and the two countries agreed to build an industrial park where Chinese companies could build factories and employ North Koreans.As a plan to spur bilateral economics, both nations also decided to build a new four-lane bridge in the new district of Dandong to replace the old one which has been in use for decades. China took on the entire cost of $300 million for the new bridge.Since then, two years have passed and none of the plans have been materialized.The bridge,tory burch shoes outlet, originally meant to be constructed within two years, has had no date of completion so far and no reports have come about progress on the SEZ. The economic zone on Hwanggumpyong is blocked and surrounded by a barbed fence, with North Korean soldiers on guard. A billboard saying "Welcome to Hwanggumpyong Special Economic Zone" is the only proof to its existence.The 11-square-kilometer Hwanggumpyong abuts the Chinese side of the Yalu River during dry season. The development of Hwanggumpyong played a vital role in realizing Kim Jong-un's promise of economic reform. "The islet is geologically separated from the mainland of North Korea,chloe outlet, which makes it safe for the North Korean government to pilot economic reforms on the island. Due to its separation,tory burch handbags, whatever reforms take place on the island would impose little influence on the rest of North Korea,hotelwestpoint," Jin,Oakley Outlet, unwilling to give his full name,gucci bags, a veteran trader for Liaoning Changping Company, an import and export company involved in mining exploration and processing trading, told the Global Times.
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