Management

North Korea May be Trying an Experiment in Capitalism with China

North Korean Cabinet Premier Choe Yong-rim is visiting northeastern China to step up joint economic projects, according to unnamed diplomatic sources. Choe\'s t...

Federal News Network Staff

November 9, 2010 12:47 pm

< a min read

North Korean Cabinet Premier Choe Yong-rim is visiting northeastern China to step up joint economic projects, according to unnamed diplomatic sources. Choe’s trip is the third high level visit to China related to North Korean manufacturing enterprises. Cumulatively, the reports indicate North Korea and China have reached an agreement about conducting an experiment in North Korean capitalism in northeastern China. If such an experiment is in progress and makes a profit, it could lead to Chinese-style economic changes in North Korea, the world’s last “Stalinist” system.