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Dialogue 08/03/2012 DPRK economy shows signs of recovery

08-04-2012 10:25 BJT

Starting from 2008, the DPRK made constructing a powerful nation its target. In 2011, it set up the National Economic Development Bureau, and issued a Ten-Year Strategic Plan for National Economic Development. Economic development is now the top priority. China has been a major trading partner for many years. In recent years, bilateral economic cooperation has extended into many aspects. China has built factories for free for the DPRK and provided economic and engineering training. There have also been joint-invested companies. Currently, the two countries focus more on mutual benefit, and have started to apply market economy principles in trade and investment.

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