China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move is both symbolic and significant.
Tom Rafferty from the Economist Intelligence Unit told CNBC on a phone interview that the visit shows that both China and North Korea "are engaged in a bit of messaging to the U.S."
He highlighted that the meeting between the two leaders is a "further elevation" and "rebuilding of this party-to-party dynamic." Although China has been staying within the the guidelines of the United Nations sanctions on North Korea, Park said that an "easing" of sanctions by Beijing toward Pyongyang can be expected. Fundamentally, he said, China is a "lifeline for Pyongyang.""North Korea is an issue of importance to both sides but I don't think will play a major role on trade," Michael Hirson, China and Northeast Asia practice head at Eurasia Group, told CNBC in an email on Wednesday.
However, "Trump is not so panicked over the situation in North Korea that he will feel an urgent need to pull punches on trade just to seek Beijing's cooperation," he added."There is a saying in international relations, don't let a good crisis go to waste," said Park.
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