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North Korea eyes new factory zone near Chinese border to save virus-hit economy

North Korea on Thursday said it would build an “export processing zone” near the border with China, in an apparent bid to recover trade with its ally following a year-long border closure that hurt an economy already reeling from US-led sanctions.The announcement came about a month after Chinese President Xi Jinping promised to “provide the peoples of the two countries with better lives” when he exchanged messages with the North’s leader Kim Jong-un.In his message to Xi, Kim called for stronger…

Read the original article at South China Morning Post

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