China's export, import growth accelerate in June

China defends imports of North Korean iron ore India Tv

China has slashed imports of coal from North Korea even as overall trade between the countries continues to rise.

Cui said China backed further United Nations action against North Korea for violations of United Nations resolutions such as nuclear tests and launches of intercontinental ballistic missiles (ICBMs).

Exports rose 11.3% in June from a year earlier, following growth of 8.7% in May, the General Administration of Customs said Thursday.

Chinese purchases of North Korea iron ore rose 34 percent from a year earlier in the first five months of the year, according to a South Korean industry group, the Korea International Trade Association.

Notably, China's coal imports from North Korea dropped precipitously, with only 2.7 million tons being shipped in the first half of 2017, down 75 percent from 2016.

"China has been constantly executing the UN Security Council resolution in a comprehensive, precise, earnest and strict way", Huang said.




"Trade related to the people's livelihood in the North Korea, especially those that embody humanitarian principles, should not be affected by sanctions".

This suggests that China has been making good on its February decision to suspend coal imports from North Korea, potentially cutting off a major financial lifeline for Pyongyang, although analysts caution that Chinese figures should be viewed with some skepticism as they are sometimes manipulated for political purposes.

He said Chinese imports from the North fell 36.5 percent in March, 41.6 percent in April and 31.6 percent in May.

That is thanks in a large part to the resilient demand for real estate in smaller cities across China with lax rules for properties as authorities attempt to clear up the housing glut.

Since the July 4 ballistic missile test, U.S. Ambassador to the UN Nikki Haley has been pushing for fresh measures that may include further curbs on China's trade with North Korea. "So much for China working with us - but we had to give it a try", Trump said in tweet last week.

Though Trump took a more conciliatory tone on the North Korea issue and China's role at a meeting with Chinese President Xi Jinping.

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