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North Korea relies heavily on China for food and fuel aid and many consumer products. Chinese companies are the main investors in North Korean mining, and the sides recently signed agreements on road building and jointly developing an industrial park on an island near the Chinese city of Dandong. "The economic and trade cooperation between the two countries has shown great potential, with bilateral trade and investment volume reaching new highs," Xinhua said, citing the Chinese ambassador to Pyongyang, Liu Hongcai. Bilateral trade between China and North Korea still is dwarfed by economic ties between China and South Korea, which is projected to hit about $250 billion for all of 2011.
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