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Focus: Hurt in past by false dawns, Chinese businessman is wary of bets on N.Korea opening up

Reuters  |  DANDONG, China 

By Brenda GohDANDONG, China (Reuters) - Property speculators in China may be betting that Tuesday's U.S.-North Korea summit will unlock riches across the border but Chinese construction machinery dealer Wang Chenglin is far from convinced.Like many business owners in Dandong, through which most of North Korea's trade flows, Wang's hopes have been dashed before. In particular, he remembers supplying three excavators for the construction of the New Yalu River Bridge, a project that was meant to represent a new era of economic ties but was abandoned after Pyongyang reversed a decision to engage ...

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First Published: Tue, June 12 2018. 23:20 IST