China-North Korea border bridge may do little to spur trade, experts say
Summary
China and North Korea have opened the New Yalu River Bridge to improve trade and cooperation between the two countries. However, experts say the new bridge may not greatly increase trade because of international sanctions and North Korea’s focus on security.Key Facts
- The New Yalu River Bridge connects China's city of Dandong and North Korea’s city of Sinuiju.
- Chinese Premier Li Qiang and North Korean Premier Pak Thae-song said the bridge will boost trade and relations.
- The old bridge used for trade is too small and carries limited weight, while the new bridge has four lanes.
- China provides about 95% of North Korea’s official trade.
- International sanctions limit what North Korea can trade, especially goods related to its nuclear and missile programs.
- North Korea’s leadership prioritizes security over economic expansion.
- China and North Korea have increased cooperation under President Xi Jinping and leader Kim Jong Un.
- The bridge opening follows closer North Korea ties with Russia, including a new road bridge between Russia and North Korea.
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