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North Korea and China have reportedly agreed to move forward with a long-stalled plan
for a special administrative zone in the northwestern region of the communist state.
For details we turn to Oh Soo-young. After thirteen years of nothing much, North Korea
and China have once again agreed to start co-developing Sinuiju, a special administrative
region in North Korea. According to a government source in Seoul,
the two countries have agreed to resume plans to set up a capitalistic-style economic
zone, modeled after Hong Kong and Macau. The project was initially conceived in 2002
by North Korea′s former leader Kim Jong-il, to experiment with a market economy and to
attract foreign investment. However, the plan was later abandoned when
a Chinese-born businessman appointed as the region′s governor was arrested in China
for tax evasion. But now, the project seems to be back on
track after Liu Yunshan ,.. a senior Chinese official,... attended celebrations in Pyongyang
this month, marking 70 years of North Korea′s ruling Workers′ Party,
According to the plans, a canal will be built across the Sinuiju region, creating
Northern and Southern districts, with residential areas and public infrastructure on each side.
Ten bridges will arch over the canal,... which will be used for shipping goods and
industrial water management. Six mobile communication base stations will
also be installed by the two partner countries. Total investment in Sinuiju is expected to
reach four-hundred billion U.S. dollars. Oh Soo-young, Arirang News.