Economic Report - Chinese Exports to North Korea Fell During First Half of 2013

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Exports	He	Mr	North	Recent	This	after	aimed	and
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Chinese trade information shows that China's exports to North Korea decreased more than 13 percent during the first six months of 2013. is the first time in 4 years that exports have fallen. decreased by about $1.6 billion from January to June compared to same period last year. The last time exports from China to Korea dropped was in 2009 during the world financial crisis. This , there was a large decrease in shipments of unprocessed oil to Korea. Lu Chao studies at the Liaoning Academy of Social Sciences. says China is the biggest oil provider to North Korea. He last year, China exported 500,000 tons of oil to the country. . Lu says China placed trade restrictions on North Korea this year its third nuclear test. He says the Chinese government made the based on a United Nations Security Council resolution. North Korea's decision carry out its third nuclear test earlier this year has affected between the two countries. Following the test, Chinese students called on government to completely cut ties with North Korea. Chinese officials have the test. They have called for the continuation of six-nation talks at ending the country's nuclear weapons programs. In May, the government People's Bank of China announced it was no longer doing business North Korea's foreign trade bank. Recently officials from the United States South Korea met. They announced their plan to continue placing restrictions North Korea and to seek more assistance from China in the . For VOA Learning English, I'm Alex Villarreal.

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