China-DPRK tobacco joint venture set up in Pyongyang

With four million euros (6.36 million U.S. dollars) of investment, a tobacco joint venture by China and the Democratic People's Republic of Korea (DPRK) was setup in Pyongyang Wednesday.

The joint venture, Pyongyang Paeksan Tobacco Ltd., a fruit of the increasing China-DPRK friendship and economic cooperation, would meet the needs of the DPRK people, DPRK's Vice Minister of Light Industry Cho Chong Ung said. Chinese Ambassador to the DPRK Liu Xiaoming said cooperation with DPRK enterprises will benefit the people of both countries and the Chinese government will continue to support its enterprises to go abroad.

Source:Xinhua