Published: Thu, May 17, 2018
Global | By Marsha Munoz

Chinese City Bordering North Korea to Curb Overheating Property Market - Dandong

Chinese City Bordering North Korea to Curb Overheating Property Market - Dandong

He is accompanied by senior party officials representing major provinces and cities.

"He noted with pleasure that he met Chairman Kim Jong Un two times and exchanged the comprehensive and detailed views on the matters of concern including the development of the relations between the two parties and the two countries and the regional and global situation", it added.

"New-home prices in Dandong, which sits across the Yalu River from North Korea and is the nexus of trade between the two countries, gained a record 2 percent in April from March, according to data from the National Bureau of Statistics on Wednesday".

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Foreign Minister Spokesman Lu Kang told reporters that the parties must express sincerity, have good will and guarantee the conditions of the meeting scheduled for June between North Korean leader Kim Jong-un and U.S. President Donald Trump.

Xinhua added the North Korean delegation wanted to learn from China's experience regarding economic development, and continue implementing the strategies agreed upon by Xi and Kim in their recent meetings.

Since arriving on Monday, the North Koreans have reportedly toured major industrial and economic areas, including the Zhongguancun High-tech Zone, known as China's Silicon Valley, reported Yonhap news agency.

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Chinese President Xi Jinping and North Korean leader Kim Jong-un met last week in the northeastern Chinese city of Dalian, just several weeks after their last get together. It was their second meeting and followed Kim's surprise March visit to Beijing.

China remains North Korea's most important trading partner despite imposing sanctions to try and curb the regime's nuclear ambitions.

Investors flooded Dandong trying to cash in on prospects of booming business with North Korea as tensions started to ease on the Korean Peninsula, highlighted by the historic inter-Korean summit last month and the highly anticipated meeting between the United States and North Korean leaders in June.

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