China says trade with North Korea rose 10.5pc in first half

China says trade with North Korea rose 10.5pc in first half”

A high-ranking South Korean government official on Thursday claimed there is no evidence that money from the inter-Korean industrial complex in Kaesong was used to finance North Korea's nuclear and missile programs.

Imports from North Korea actually fell 13.2 percent to $880 million, it said, but exports to the pariah state jumped 29.1 percent to $1.67 billion.

Leaders of the Group of 20 major economies agreed last week that North Korea poses a global threat, a top adviser to U.S. President Donald Trump said Thursday, although their joint declaration made no mention of the communist state. "Simple accumulated data can not be used as evidence to question China's severe attitude in carrying out UN Security Council resolutions", Huang told a news briefing.

The new sanctions applied to a travel ban and asset freeze to 14 people and four North Korean entities. "The maintenance of normal economic and trade exchanges between China and [North Korea] does not violate Security Council's resolutions", the foreign ministry spokesman said. "It has nothing to do with creating income for DPRK nuclear programmes, so it is not on the sanctions list", Geng told a regular news briefing.

NAN reports that on June 3, the council voted to broaden sanctions on North Korea in a unanimous decision from the council's 15 member nations.

Trump acknowledged as much at a July 12 press availability held aboard Air Force One on the way to France to celebrate Bastille Day.

Then-Unification Minister Hong Yong-pyo said in in February of a year ago, "We've chose to completely suspend operations at the Kaesong Industrial Complex to prevent our investment there from being used to develop nuclear warheads and missiles". Previous Chinese customs data showed two-way trade with the North had risen 30.6 percent in dollar terms in the first three months of the year.

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