By Hyunjoo Jin
SEOUL (Multibagger) - The leaders of China and North Korea vowed on Sunday to enhance bilateral cooperation on the 75th anniversary of diplomatic relations between the two countries, Pyongyang's state news agency KCNA reported.
China's President Xi Jinping expressed his commitment to the development of China-DPRK relations, stating that China is ready to write a new chapter of relations through strengthened communications and cooperation.
China is North Korea’s largest trading partner, with a history dating back to Beijing’s support of Pyongyang during the Korean War. However, China reacted cautiously to Kim Jong Un's deepening ties with Russian President Vladimir Putin earlier this year.
In response to Xi's message, Kim pledged to consolidate and develop the friendly and cooperative relations between the DPRK and China in the new era.
North Korea is expected to revise its constitution to abandon peaceful unification with South Korea and redefine the inter-Korean border, a move that could escalate tensions on the peninsula. Kim has called for changes to the constitution, emphasizing South Korea as the primary foe and planning for potential conflict.
There are concerns that North Korea may pursue unification by force, including nuclear weapons, under the revised constitution. This could lead to new disputes between the two Koreas.
Kim recently stated that North Korea would not hesitate to use all available offensive forces, including nuclear weapons, to defend its sovereignty against any threats.
Analysis:
In summary, China and North Korea have reaffirmed their commitment to enhance cooperation on the 75th anniversary of their diplomatic relations. This could have significant implications for regional stability, trade relations, and security in the Korean peninsula. North Korea's potential revision of its constitution to pursue unification by force raises concerns about increased tensions and the use of nuclear weapons. Investors and individuals should monitor these developments closely to assess potential risks and opportunities in the region.