Body
RFA offers up a range of opinion—including ours—on the development of Wihwa and Hwang-geum-pyong islands. Located in the Yalu river near the Chinese city of Dandong, the Chinese signed a lease last year on the islands for what appears to be an export-processing or bonded warehouse project. Chinese reports said that the “scale” of investment on the two islands could reach $800 million. The RFA report now talks about a “multibillion dollar lease.” In fact, much of this remains aspirational; to our knowledge, the amount of money actually on the table has yet to be made public.
