China-DPRK border trade zone approvedStaff writer ▼ | July 15, 2015
A border trade zone between China and the Democratic People's Republic of Korea (DPRK), located in Northeast China's Liaoning province, has been approved, the provincial government announced.
Politics and business The Guomenwan border trade zone
Residents living within 20 kilometers of the border will be able to exchange commodities with people from the DPRK and enjoy a duty-free policy on goods purchased for less than 8,000 yuan ($1,288) per day, authorities with the bureau said.
Dandong is the key hub for trade, investment and tourism between China and the DPRK. There are more than 600 border trade enterprises in the city, and trade with the DPRK accounts for 40 percent of the city's total trade turnover. ■