Thursday, September 6, 2012

China Firm Squabbles With North Korea

BEIJING?An unusually public spat between the North Korean government and a Chinese company is providing a rare note of visible tension between Pyongyang and its closest ally and benefactor.

North Korean's official news agency Wednesday defended a North Korean company, Ryongbong Corp., in its dealing with a Chinese partner, Liaoning Xiyang Group. The dispute involves a project in North Korea to process iron ore, an ingredient in steel. Xiyang has accused the North Korean government of improperly suspending the project..

The Korean Central News Agency lashed back on Wednesday. Xiyang, it said, "has carried out only 50% of its investment ...

Source: http://online.wsj.com/article/SB10000872396390443589304577633043406153730.html?mod=fox_australian

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