North Korea rejects Chinese reform model, will go for Vietnamese reform

[haidian]

What North Korea has in mind is the invitation of American, European, Japanese, and Korean businesses, while keeping Chinese companies out of North Korea.

This is what is meant by the "Vietnamese Model".

The first showcase of this policy is Google chairman's visit to North Korea, where Google chairman was invited by North Korea to survey their country.

lol,really,are you the top leader of North Korea?do you do the economic planning for North Korea??

N. Korea’s China Trade Expanded More Than 60 Percent in 2011
By Sangwon Yoon - 2012-12-27T02:09:26Z

North Korea’s trade with China expanded more than 60 percent to $5.63 billion in 2011, as the totalitarian regime deepened its dependence on its main political and financial backer.

Commerce with China accounted for 70.1 percent of the North’s total $80.1 billion trade in 2011, up from 57 percent in the previous year, South Korea’s national statistics office, Statistics Korea, said in its annual report today in Seoul. North Korea does not report economic data. Inter-Korean trade amounted to about $1.71 billion in the same year.

China provides North Korea economic aid and serves as its diplomatic shield at the United Nations Security Council. As a veto-wielding permanent member of the Security Council, China has resisted efforts to impose fresh punishment against North Korean leader Kim Jong Un over a Dec. 12 missile launch that demonstrated a heightened ballistic capability.

Excluding a dip in 2009, trade between the two countries has increased every year since the start of 2000, when the statistics bureau started releasing estimates. Data for 2012 will be released around the end of next year.

North Korea’s economy expanded 0.8 percent in 2011 and gross national income per capita was 1.33 million won ($1,239), nearly one nineteenth that of South Korea’s 25 million won, according to the Bank of Korea. South Korea’s total nominal gross national income was 38.2 times that of the North’s 32.44 trillion won.

The regime imported 3.8 million barrels of crude oil for 2011. Power generation capacity was 6.9 million kilowatts, less than one-10th that of South Korea. Steel production was 1.23 million tons and production of chemical fertilizer production was 471,000 tons.

North Korea’s population rose to 24.3 million in 2011 from 24.2 million the previous year -- about half of South Korea’s. Population estimates were based on North Korea’s 1993 and 2008 censuses.

To contact the reporter on this story: Sangwon Yoon in Seoul at syoon32@bloomberg.net

North Korean performance

 

[Korean]

lol,really,are you the top leader of North Korea?do you do the economic planning for North Korea??

Kim Jong Eun's objective is to keep his distance from China and decrease the reliance on trade with China.

That should be a message to Pakistanis here. North Koreans, who know China far better than Pakistanis, are wary of China and is trying to move away from China and improve relations with the West instead.

Hopely Pakistanis will draw same conclusion after dealing with the Chinese for another 10 years and start moving away from China.

 

[haidian]

S.Korea,don't bite the hand that feeds.lol

China to Influence Emerging Economies More Than U.S., HSBC Says
By Lyubov Pronina - 2013-01-10T00:00:01Z


China will have a bigger influence than the U.S. or Europe over the economies of developing nations as the world’s largest exporter increases its contribution to global growth, according to HSBC Holdings Plc. (HSBA)

“We are moving away from a U.S.- or Europe-led world to a world led by China,” Stephen King, HSBC’s chief economist, wrote in an Emerging Markets Index report published today. “China will make its biggest-ever contribution to global growth in 2014,” King said, in what he termed a “great rotation.”

China’s economic growth is set to accelerate to 8.6 percent this year, from 7.8 percent in 2012, King said, a rate of growth that will benefit neighboring countries and commodities-rich nations. China’s expansion compares with a 5.4 percent growth forecast for the emerging world as a whole, according to HSBC.

Exports to China currently account for 12 percent of South Korea’s gross domestic product, up from 3.5 percent in 2000. Malaysia, Singapore, Australia, Chile, Kazakhstan and Saudi Arabia have also increased their exports to China while exports by the U.S. and the U.K. to the Asian country represent less than 1 percent of their respective GDPs.

“Global economies, particularly emerging markets, are driven more and more by the new world, which is exemplified by Chinese strength and contribution to global growth,” Murat Ulgen, HSBC’s chief economist for central and eastern Europe and sub-Saharan Africa said by phone.

While China’s expected growth rate this year is not as high as the 10 or 11 percent levels seen in the past, “China is now a much larger economy and because of that, Chinese contribution to global growth is much bigger,” Ulgen said.

 

[Korean]

S.Korea,don't bite the hand that feeds.lol

Much of Korea's export to China is to Korean transplants who finish assembly in China. These transplants can easily move to another country when the conditions warrant it.

 

[haidian]

Kim Jong Eun's objective is to keep his distance from China and decrease the reliance on trade with China.

.

CAN YOU READ...???

N. Korea’s China Trade Expanded More Than 60 Percent in 2011
By Sangwon Yoon - 2012-12-27T02:09:26Z

North Korea’s trade with China expanded more than 60 percent to $5.63 billion in 2011, as the totalitarian regime deepened its dependence on its main political and financial backer.

 

[Korean]

CAN YOU READ...???

It is you who do not understand that North Koreans don't like expanding trades with China, and is embracing the Vietnamese reform model that give priority to western companies.

 

[haidian]

It is you who do not understand that North Koreans don't like expanding trades with China, and is embracing the Vietnamese reform model that give priority to western companies.

CAN YOU READ..?

 

[Korean]

CAN YOU READ..?

Sure, but can you?

 

[haidian]

Sure, but can you?

good,then read it..

N. Korea’s China Trade Expanded More Than 60 Percent in 2011
By Sangwon Yoon - 2012-12-27T02:09:26Z

North Korea’s trade with China expanded more than 60 percent to $5.63 billion in 2011, as the totalitarian regime deepened its dependence on its main political and financial backer.

 

[PITA]

North Korea: Axis Of Evil No More? - Forbes



North Korea is no ally of China.

 

[gpit]

So did China's economy.

You must be mad! Or otherwise insane.

Most Hong Kong Stocks Rise as China PMI Allays U.S. Worry - Bloomberg

China's economy will be No. 1 in less than 20 years, US study says - Economy Watch on NBCNews.com

...

China is today's world market mover. LOL! your SK economy just like your country's bird-poo size: trivial and insignificant.

 

[Knight of Tang]

Well it's really interesting to see a KOREAN cheering for japs against China, keep going and let us see how shameless you are.

That doesn't change the fact that Chinese companies are considered "undesirables" in North Korea and North Korea would rather deal with American and Japanese companies than with Chinese companies.

 

[SinoChallenger]

Good! When North Korea is strong enough, they will bring the light of Kim Il Song to South Korea! South Koreans can finally worship the Great Leader!

 

[Nan Yang]

Another failed thread from Korea / Slowman.