South Korea’s Joongang Ilbo, citing “a source familiar” with China-North Korea relations, reported Wednesday that dictator Kim Jong-un requested Chinese economic investment in his country during his most recent summit with counterpart Xi Jinping. The report is the latest in a string that appears to show concerted efforts by North Korean leaders to persuade foreign powers to pay for the reconstruction of their country, ravaged by over 60 years of strict communist leadership.While China is run by the Communist Party, it allows foreign investment that benefits the regime, strictly regulating it to ensure that there is no free market, which could result in unintended beneficiaries Beijing cannot control. According to North Korea’s state-run news agencies, Kim Jong-un told the leadership of his Workers’ Party in April that Pyongyang would shift its focus away from the development of nuclear weapons and “concentrate all efforts of the whole party and country on the socialist economic construction.” His remarks followed the imposition of unprecedented global sanctions on North Korea’s economy, possible after China signed the United Nations sanctions plan in response to Kim’s sixth nuclear test. Joongang Ilbo‘s source notes that, while China is North Korea’s largest trading partner and closest ally, Kim has… Read full this story
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