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| China-Japan-Koreas |
| China to Invest $3 Billion in Nork Special Economic Zone |
| 2012-02-16 |
| North Korea and China finally reached an agreement at the end of last year to jointly develop the Rajin-Sonbong special economic zone in the far northeastern edge of the isolated country, it emerged on Wednesday. The zone is seven times larger than the Kaesong Industrial Complex (65.7 sq.km), the site of inter-Korean economic cooperation. The agreement entitles China to develop three new piers and grants it the right to use them for 50 years. According to the source in China's Jilin Province, the deal was inked in the second half of last year. China will reportedly invest US$3 billion to build infrastructure there such as railroads, power plants and other facilities by 2020. "It is uncertain just how much Chinese companies will be interested in the special economic zone at this moment due to the poor infrastructure there," said Yoon Seung-hyun, a professor at China's Yanbian University. "However, once construction begins following an influx of Chinese investment, investors from Hong Kong will probably head there in search of cheap labor." |
| Posted by:Steve White |
| #6 CHINA DAILY FORUM > VIETNAM PROTESTS CHINA'S EAST SEA FISHING BAN, from China'S East Sea aka Gulf of Tonkin/Sea of Vietnam, to the disputed Paracel Islands [ China = Xishas]. China asserting its "sovereignty rights" as per its declared East-South China Sea EEZ + "Continental Shelf" DIplomacy. * TELEGRAPH.UK > US MUST RESPECT CHINA'S INTERESTS, XI JINPING WARNS IN WASHINGTON SPEECH. * DEFENCE.PK/FORUMS > $110.0 YUAN [US$17.50] FOR A GLASS OF MILK IN CHINA [Hainan Island trourist restaurant]. * SAME > CHINA BUYS UP SAUDI, RUSSIAN OIL TO SQUEEZE IRAN, i.e. influence Sino-Iranian negotiations for discounted = cheaper Iran oil. * BHARAT RAKSHAK > CHINA DEFENCE BUDGET SET TO DOUBLE BY 2015 [2011-2015], i.e. Regionally more than 2X that of all ASEAN States + Japan according to Jane's US-based IHS Global Research Group. |
| Posted by: JosephMendiola 2012-02-17 00:00 |
| #5 Find Genghis Kahns tomb first. I'm sure there's some artifact there for the Chinese Communists to conquer the world with. Oh wait, Indiana Jones V plot revealed! |
| Posted by: Charles 2012-02-16 19:41 |
| #4 They'd offer to hold a vote on who gets to run the new Mongolian Empire, Pr2K. |
| Posted by: Thing From Snowy Mountain 2012-02-16 09:16 |
| #3 The Chinese are simply (re)establishing claim to one of their 'historical' Wonder how the Chinese would react to similar 'historical' claims from Ulan Bator |
| Posted by: Procopius2k 2012-02-16 09:04 |
| #2 Well, they've money to burn. |
| Posted by: g(r)omgoru 2012-02-16 06:59 |
| #1 Build a pier, that you CAN use (Sometines) sounds like a stupid idea. |
| Posted by: Redneck Jim 2012-02-16 02:16 |
