Status of Chinese People

About China and Chinese people's living condition

  • China Organ Harvesting Report, in 19 languages

  • Torture methods used by China police

  • Censorship

  • Massive protests & riots in China

  • Top 9 Posts (In 48 hours)

  • All Topics

  • Books to Read

    1. A China More Just, Gao Zhisheng
    2.Officially Sanctioned Crime in China, He Qinglian
    Will the Boat Sink the Water? Chen Guidi, Wu Chuntao
    Losing the New China, Ethan Gutmann
    Nine Commentaries on The Communist Party, the Epochtimes
  • Did you know

    Reporters Without Borders said in it’s 2005 special report titled “Xinhua: the world’s biggest propaganda agency”, that “Xinhua remains the voice of the sole party”, “particularly during the SARS epidemic, Xinhua has for last few months been putting out news reports embarrassing to the government, but they are designed to fool the international community, since they are not published in Chinese.”
  • RSS Feeds for Category

    Organ Harvesting

    Human Rights

    Made in China







    Feed address for any specific category is Category address followed by 'Feed/'.

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 223 other followers

China to put billions of dollars to North Korea to keep Influence

Posted by Author on February 25, 2010

Radio Free Asia, Feb. 25, 2010-

SEOUL— China’s reported plans to invest billions of dollars in North Korea reflect Beijing’s bid to prop up the regime and keep a dominant role in the region rather than to lure Pyongyang back to multilateral talks, analysts say.

A number of state-owned Chinese banks and other companies are close to a deal to invest nearly U.S. $10 billion in North Korean infrastructure, after talks with the official Pyongyang-based Taepung International Investment Group, Seoul’s Yonhap news agency has reported.

The report couldn’t be immediately confirmed.

The investment earmarks funds to build railroads, harbors, and homes in North Korea, the report said, adding that more than 60 percent of the investment would be put up by Chinese banks.

The deal, with North Korea’s State Development Bank, is expected to be signed next month, Yonhap said.

Winston Yang, a China analyst and professor emeritus from Seton Hall University, gave three reasons for the injection of Chinese funds into North Korea.

“The first is that it will increase [Beijing’s] control over North Korea and its influence there. The second is that Beijing fears that Kim Jong Il will fall from power,” Yang said, adding that North Korea’s current economic woes have left millions hungry.

“The third reason is, I believe, that there is a sense in which it goes against the wishes of the United States,” he said.

Yang cited strains in U.S.-China ties stemming from U.S. arms sales to Beijing’s arch-rival Taiwan, a threat from Google to withdraw from China, and a meeting between U.S. President Barack Obama and Tibet’s exiled leader, the Dalai Lama……. (Radio Free Asia)

Sorry, the comment form is closed at this time.