http://www.atimes.com/atimes/China_Business/HJ17Cb03.htmlBusiness as usual across the Yalu
By Ting-I Tsai
TAIPEI - Pyongyang's proclaimed successful nuclear test, which has sparked anger and fear around the world and prompted passage of more UN sanctions, is not deterring Chinese business people living on the border from doing business with North Korea. They are confident that Beijing will not enforce really harsh punishments.
"For North Korea, reform and development is still its goal. It is just a matter of time. We are still keen on doing business there," said Zeng Chengbiao, chairman of the Zhongxu Group which is based in Shenyang, capital of Liaoning province. Zeng has been planning to operate a department store in Pyongyang and is also interested in investing in mining there. Zeng said his company is preparing to announce a major investment after the Chinese Lunar New Year in February.
Zeng is a typical example of the hundreds of Chinese business people who remain enthusiastic about trading with or investing in North Korea, despite the international furor and unconfirmed reports about Pyongyang's running out of electricity and food while major players in the Security Council debate punishments for North Korea's nuclear test. snip
"They can still live by simply eating grass. What would these economic sanctions really do?" said Niu Jun, professor at the Peking University's School of International Relations, who visited North Korea in July.
Shortly after the UN resolution passed, US ambassador to the UN John Bolton told reporters that the next step was to start work on implementing the resolution. But none of the current moves are scaring away Chinese businessmen.