HomeNewsNewsHow the Chinese economy is becoming more and more like North Korea’s

How the Chinese economy is becoming more and more like North Korea’s

As Beijing turns less capitalist and market-friendly, it grows more unlikely the DPRK will embrace true economic reforms

Believers in engagement with North Korea often point to China’s dramatic socioeconomic development over the past 40 years as a model that Pyongyang can follow.

By boosting incentives to farmers through de-collectivization, encouraging private firms and targeting foreign markets, the DPRK too could open and transform its economy through foreign investment and large-scale public investment in education and infrastructure.

But for various reasons, Kim Jong Un has not embraced a version of socialism with North Korean characteristics. Instead, the way his state works at both the local and national levels emulates the worst aspects of

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