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posted by mrpg on Monday June 11, @04:18AM   Printer-friendly
from the bulletproof-buildings dept.

Real Estate Jumps In Chinese City Bordering North Korea

[...] Occasional trains are some of the only traffic left on the China-Korea Friendship Bridge. This is the crossing point for 70 percent of goods entering North Korea from China — things like coal, fuel and household appliances — which are typically transported from Dandong, a gleaming metropolis, to drab Sinuju, the North's second-largest city.

But these are atypical times: United Nations sanctions on North Korea for its nuclear and weapons tests have reduced traffic on this bridge to a trickle. The effects are hitting the economy of this Chinese city hard as well. But in April, Dandong's hopes were suddenly lifted. A historic meeting between leaders of North and South Korea provided raised optimism here that the closed country across the river may soon open for business. The summit planned for next week between President Trump and North Korea's leader Kim Jong Un has added more fuel to the anticipation. And investors from across China have flooded in to this border city of 2.4 million. [...] "I've never seen anything like this in Dandong," says [Bob] Li, as workers scurry around him. "We'd have several buyers coming in from all over China buying up apartments. To them, the homes were very cheap, so they would buy as many as possible."

[...] "The rumor around town is that if the North opens up, it'll finally build a road to the new bridge, and our city will be linked to Seoul by road," says Li. "Pyongyang would just be a stop on the way."

Also at Reuters.


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  • (Score: 2, Interesting) by Anonymous Coward on Monday June 11, @04:30AM (1 child)

    by Anonymous Coward on Monday June 11, @04:30AM (#691285)

    > ...and our city will be linked to Seoul by road," says Li. "Pyongyang would just be a stop on the way."

    For some reason the line above reminded me of this--
    https://en.wikipedia.org/wiki/Another_Roadside_Attraction [wikipedia.org]

    Imagine if the novel were set in N. Korea?

  • (Score: 3, Funny) by realDonaldTrump on Monday June 11, @05:56AM (1 child)

    by realDonaldTrump (6614) Subscriber Badge on Monday June 11, @05:56AM (#691295) Homepage Journal

    I'm going to say, denuke. Denuclearize. And I'll bring you the most MAGNIFICENT five-star hotel. Like you've never seen in your entire life.

    Pyongyang, they have a building called the Ryugyong Hotel. Left over from Soviet times, never finished, very sad shape -- but it's their tallest building. And it's the tallest in their Country. The Trump Organization -- my beautiful children -- can make it into the best hotel in Korea. With the best casino. So fabulous, gold everywhere. And the North Koreans are getting it ready for us. Because they made the biggest sign in Korea, they made an LED sign 50 stories tall. I'll take a look and possibly that one will need to be bigger. And from all over Pyongyang people will see TRUMP in beautiful bright lights. Fantastic!!!! pic.twitter.com/ZolxflTK9K [t.co]

    --
    Text TRUMP to 88022 to join the 🚂 #TrumpTrain [facebook.com]
    • (Score: 2) by driverless on Monday June 11, @06:34AM

      by driverless (4770) on Monday June 11, @06:34AM (#691303)

      I'd just like to add that for any Koreans interesting in meeting the Dear Leader Who is a Perfect Incarnation of the Appearance That a Leader Should Have, I can arrange it for a mere $100,000 campaign contribution. I'll even throw in a meeting with Kim Jong-un at no cost.

  • (Score: 5, Interesting) by Subsentient on Monday June 11, @08:10AM (3 children)

    In the imho unlikely event that Kim Jong-un is not merely toying with western leaders, it still spells mostly bad news for the people of North Korea. If relations between the DPRK and the west stabilize, the chance of deposing that absolute abomination of a human being becomes much smaller. I don't want a war, by any means, but I don't want people to stop paying attention to North Korea's atrocities simply because it's no longer considered an imminent threat against us.
    Even if North Korea's economy improves a bit from the opened trade, it's extremely unlikely the government would tone down the brutality.

    Funny, if ever there was to be somewhere the USA *had* to wage war against, I would definitely choose North Korea as the target. I'd probably even try to sign up for the armed forces service to fight them, though it's very doubtful they'd take me.

    I want to see Kim Jong-un die a slow, agonizing death, in public view for his victims. I'd risk my life to have a realistic chance of having that come to pass.

    --
    Instead of getting bogged down in the infuriating details, focus on the unquestionably terrible big picture. -The Onion
  • (Score: 1) by khallow on Monday June 11, @01:19PM

    by khallow (3766) Subscriber Badge on Monday June 11, @01:19PM (#691376) Journal
    When you hear of aggressive speculation like this, you have to ask, does it exist because enough people know something or because enough people don't? Wouldn't be hard, for example, for a few politicians or bureaucrats in the know to start buying, or for someone already owning a lot of property to spread fake rumors.
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