Backgrounder. My view is that NK likely will move toward the Chinese system of market socialism with Chinese characteristics, but in NK it will be with NK characteristics. Kim Jong Un had already liberalized quite a bit, so this would not constitute an about-face but rather a speed-up of development. Kim Jong Un seems finally to want to join the world economy, which is why he is negotiating with Trump at all, in the face of resistance from the US deep state and military trying to...
Read More »Zhou Xiaochuan — The opening-up of Chinese economy – from manufacturing industry to service industry
Keynote speech by Mr Zhou Xiaochuan, Governor of the People's Bank of China, at the 2017 Lujiazui Forum "Financial reform and steady development from a global perspective", Shanghai, 21 June 2017. Bank of International SettlementsZhou Xiaochuan: The opening-up of Chinese economy - from manufacturing industry to service industryKeynote speech by Mr Zhou Xiaochuan, Governor of the People's Bank of China, at the 2017 Lujiazui Forum "Financial reform and steady development from a global...
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