N Korea at crossroads

North Korea loses access to foreign cash as China trade drops 70%

COVID shutdown devastates tourism, with travel unlikely to resume until November

20200721N NK Kim

North Korean leader Kim Jong Un at a military commission meeting in a photo released on July 19 by the Korean Central News Agency. © Reuters

SHIN WATANABE, Nikkei staff writer
July 22, 2020 01:25 JST

DALIAN, China -- Trade between North Korea and China plunged nearly 70% on the year between January and May after Pyongyang closed the border to prevent the transmission of the novel coronavirus, depriving it of a key source of foreign currency.

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