ANI
14 Dec 2021, 18:25 GMT+10
Beijing [China], December 14 (ANI): China has increased its investment near its borders with North Korea by investing in the Liaoning Province.
China's Liaoning Province will spend more than half a million dollars on a bridge into North Korea over the coming months to install "anti-terror monitoring points," overhaul electrical systems and conduct daily maintenance, government documents show, despite the bridge going unused for years, according to NK news, ab independent, privately owned specialist information sources that focus on North Korea.
Further, the new investments in the New Yalu River Bridge, which connects China's Dandong to the North Korean city of Sinuij is aimed to improve border security, according to the Chinese announcement.
"I think the Chinese government has been very consistent about their willingness to invest in connectivity with North Korea," Go Myong-hyun of the Asan Institute for Policy Studies.
"It could be part of China's long-term policy to keep investing in connectivity with North Korea, essentially preparing for the day when North Korea finally decides to reopen the border or increase the level of trade with China," he added.
Meanwhile, China passed border security legislation aimed at further securing the country's far-flung borders.
Further, China plans to replace a majority of the bridge's electrical systems, apply 334,000 square feet (31,000 square meters) of protective asphalt coatings and contract two years' worth of inspection and maintenance work, according to North Korea News.
Earlier, the New Yalu River Bridge was completed in 2013 at a cost of some $350 million and is supposed to be a major highway between North Korea and China. But it has gone virtually unused since completion, and as late as 2019 it ended abruptly in an empty field outside Sinuiju.
If opened, the New Yalu River Bridge would likely boost overall trade between China and North Korea. (ANI)Get a daily dose of North Korea Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to North Korea Times.
More InformationWASHINGTON, D.C.: Boeing is now heading to trial this summer, after a U.S. judge unexpectedly set a date in the criminal fraud case...
RALEIGH/COLUMBIA: Dry weather, strong winds, and fallen trees from Hurricane Helene have sparked wildfires in North Carolina and South...
GENEVA,.Switzerland - The International Federation of Red Cross and Red Crescent Societies (IFRC) has expressed profound outrage following...
RIYADH, Saudi Arabia: Tesla is finally entering Saudi Arabia, with a launch scheduled for next month—marking a significant shift in...
BRUSSELS, Belgium: Apple appears to have dodged a major regulatory setback in Europe, following recent changes to how users select...
WASHINGTON, D.C: FBI Director Kash Patel said this week the bureau was probing what he called the increase in violent activity toward...
NEW YORK, New York - U.S. stock markets traded sideways on Tuesdays as investors weighed up the impact U.S. Preident Donald Trump's...
NEW YORK CITY, New York: A drop in mortgage rates and more housing inventory helped drive a surge in mortgage activity at Bank of America...
WASHINGTON, D.C.: U.S. President Donald Trump said this week he would work to see federal funding end for news outlets NPR and PBS....
LONDON/NEW YORK CITY: A cup of coffee could soon cost you a lot more. Roasters worldwide are warning of double-digit price hikes as...
NEW YORK, New York - Industrial stocks advanced while the tech sector was under considerable prressure Monday as Liberation Day, approaches....
BERLIN/DETROIT: Automakers worldwide are bracing for the impact of sweeping new U.S. tariffs that could reshape global vehicle production...