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North Korea signed deals with China in the amount of almost 1,3 billion dollars

North Korea signed nearly US $ 1,3 billion worth of investment transactions with China at a completed trade fair in the Chinese border town of Dandong, according to news agency RUSCOR.

One of the organizers of the fair said: “North Korea and China have signed letters of intent for 60 trade and investment projects worth $ 1,26 billion. Eight more memorandums of intent were signed by North Korea with businesses of other countries for $ 11,6 million in trade and $ 100 million in investments. ”

Near 500, North Korean officials attended the fair, including officials responsible for economic development. Experts point out that the volume of transactions has become less than last year, due to the cooled relations between Beijing and Pyongyang.

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