29 Dec '13, 12pm

#CHINA: Inexorable

Case in point is North Korea which recently became a potential disaster. The recent executions or dismissals of pro-Chinese North Korea officials has halted many Chinese economic projects in North Korea. A growing number of wealthy North Korean officials (mostly corrupt officials) are seeking refuge in China. The most recent crises in North Korea began with the very public dismissal of the uncle of 30 year old North Korean leader Kim Jong Un. The uncle (Jang Sung Taek, who is married to the sister of Kim Jong Uns father) was purged for corruption in November. One unmentioned reason for Jang’s ouster was that Jang was seen as too cozy with China. Jang was a key Chinese asset in the Chinese effort to get the North Koreans to reform their economy. But Jang overplayed his hand and was purged, arrested and executed in November, an event that was kept secret until December. At l...

Full article: http://www.strategypage.com/qnd/china/articles/20131229.aspx

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