North Korea’s economy is growing at record levels
North Korea’s economy grew 3.9% in 2016 over the year before, the best growth rate in almost two decades, and trade increased 4.6%.
Published| Photo by AP/Wong Maye-E
Construction is booming in the capital: Buildings are going up so fast that analysts are questioning how safe they are.
And the government is allowing private enterprise to expand. The number of official markets in the country has doubled to 440 since 2010.
China is North Korea’s main trading partner and has helped the country achieve much of that growth.
China is already under pressure to squeeze the North Korean economy. Though China stopped coal imports, trade between the two countries is growing.