ASSESSMENTS

Chinese Benefits from Investing in Rason

Feb 22, 2012 | 14:35 GMT

A fisherman in Rajin, North Korea

GOH CHAI HIN/AFP/Getty Images

Summary

China has denied details from a South Korean media report over development projects in North Korea's Rajin-Sonbong Special Economic Zone, also known as the Rason Special Economic Zone. Beijing has long been involved in the region and has admitted that it is co-developing Rason with Pyongyang. While the details are unclear, China has reason to invest in Rason — the port could help alleviate some of China's logistical problems. North Korea is eager to accept the investment because economic uncertainty during a time of transition could be catastrophic for the new regime.

While details are unclear, China has increased investment in North Korea, especially the Rason Special Economic Zone....

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