Wednesday, February 8, 2012

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN





About 2point6billion.com

2point6billion.com discusses investment news and events from the emerging markets of Asia - including India, China and the ASEAN countries. It is produced by the Asian foreign direct business advisors at Dezan Shira & Associates from their offices across emerging Asia.




Kim Jong Il Said to be Planning Trip to China

Mar. 3 – North Korean leader Kim Jong Il is likely to visit China later this month, Japan’s Mainichi newspaper reported today.

According to the Japanese paper, Kim will meet with Chinese President Hu Jintao to discuss aid issues and the North Korean nuclear program. Kim’s last trip abroad took place four years ago when he visited China in January of 2006.

China remains North Korea’s biggest ally and has helped buffer the regime form increasing pressure by the United States, Japan and South Korea to return to the negotiating table over nuclear disarmament talks. In 2008, China accounted for 73 percent of North Korea’s international commerce, according to figures from the Korea Trade- Investment Promotion Agency in Seoul.

Continuing UN sanctions imposed after a second nuclear test last May have now really begun to affect the economy and weaken the North Korean government’s ability to feed its people, especially following a disastrous currency reevaluation last November that triggered rapid inflation and food shortages.

North Korea recently marked Kim’s 68th birthday on February 16, celebrating with mass celebrations and dance shows. While the mood was appropriately jubilant – Kim was described as “the most outstanding political elder and peerlessly brilliant commander of the present era” – the fragile state of the North Korean economy and Kim’s own health issues have heightened anxiety among analysts over the country’s future.

This fragile state has lead most experts to suspect North Korea will return to the six party talks soon. “Kim’s China visit, which is highly likely, heightens the prospects of the disarmament talks resuming,” Park Joon Young, a professor of international relations at Ewha Womans University told Bloomberg News.

Related Reading
China and North Korea: A Delicate Relationship

This entry was posted in Politics. Bookmark the permalink.

One Response to Kim Jong Il Said to be Planning Trip to China

  1. Chris Devonshire-Ellis says:

    He doesn’t fly, so it’ll be mayhem havoc and chaos at Beijing North Railway Station if he does come. I rather like the idea of world leaders arriving by train.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>



Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at china@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


Dezan Shira & Associates, Twenty years of Excellence

The Asia Briefing Bookstore

Our best selling legal, financial, tax and regional guides to Asia business, industry reports and more…
Click here to view all titles now

China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store

NOW AVAILABLE IN PDF