China amps up economic retaliation against Korea скачать в хорошем качестве

China amps up economic retaliation against Korea

중국, 사드배치로 경제보복 수위 높여가 China's economic retaliatory measures on Korea are only escalating by the day. And given heavy economic reliance Korea has on China,… concerns over the impact on the Korean economy is mounting. For more on how much this means for the local economy, our economic correspondent Shin Se-min joins me in studio. Good to have you on, Always a pleasure. 1- Let's begin by taking a closer look at some of the impact we're already seeing on the economic side. The Chinese authorities have yet to confirm, or acknowledge the economic restrictions on Korea,... but, we are seeing some of the changes on that front, right? Of course, the most evident impact can be seen in the streets of Seoul,… especially in shopping districts like Myeongdong and at tourist attractions like royal palaces, sites that used to be jammed-packed with tourists from China. Now, the scene is totally different. The Cultural Heritage Administration says the daily average number of visitors to ancient palaces in Seoul had plunged by over 35-percent in the first five days this month, compared to the same period the month before. And a local hotel in Seoul saw its booking ratio by Chinese slip to 20-to-30 percent from its average 40-percent. But again, it's still too early to tell. We're going to be able to see the full-scale impact of Beijing's apparent retaliatory measures starting from the 15th of this month,… exactly a week away from today,… because that's the day that the Chinese Tourism Administration had ordered its travel agencies to stop selling trips to Korea. And mind you, these tourists had made up for 60-to-70 percent of sales from duty-free shops in Seoul last year,… so the amount of losses is expected to be substantial. 2- Korean firms doing business in China are also heavily affected, too. Yes. Across mainland China, already half of all Lotte Mart offline stores have been shut down,… and the number is only increasing by the day. According to Lotte Group, the branches of Lotte Mart in China have been closed as they failed to comply with fire safety regulations,… some of which came into effect just a couple of days after China's Xinhua news agency reported that the THAAD deployment could quote-unquote "turn into a nightmare for Lotte." And this specifica retaliation on Lotte seemingly comes as the group swapped its golf course with Korea's military for the THAAD battery to be stationed. Visit ‘Arirang News’ Official Pages Facebook(NEWS):   / newsarirang   Homepage: http://www.arirang.com Facebook:   / arirangtv   Twitter:   / arirangworld   Instagram:   / arirangworld