N. Korea to unveil new 5-year economic development plan in Jan. 2021
- 4 years ago
북한, 내년 1월 8차 당대회…새 국가발전 5개년계획 내놓는다
North Korea has acknowledged major flaws in its original five-year economic development plan and says it'll come up with a new one early next year.
The North is also expected to announce new strategies for overcoming the stalled denuclearization talks with the U.S.
Kim Ji-yeon reports.
North Korea says it'll unveil its new five-year economic development plan at the 8th Workers' Party congress in January 2021.
That's earlier than scheduled... since its current five-year plan... which was presented during the seventh party congress in May 2016... is supposed to still be underway.
The state-run Korean Central News Agency said North Korean leader Kim Jong-un, who presided over the Central Committee meeting on Wednesday... acknowledged the current plan wasn't working out as expected.
He blamed unexpected and inevitable challenges that prevented the regime fulfilling its plans for economic development.
Pundits suspect the move is to find a way to divert some of the blame for not achieving many of its goals that have been hamstrung by international sanctions as well as the prolonged fight against the COVID-19 pandemic... which led the North to shut its border with China, its biggest trading partner.
Wednesday's party meeting was widely expected to be aimed at addressing organizational matters and issues closely related to the livelihoods of the North Korean people,... who have been struggling due to recent flooding and COVID-19.
The timing of the North's new five-year plan will come a matter of weeks after the U.S. presidential election... raising expectations North Korea may also disclose its new external policies... amid the continued deadlock in the denuclearization talks between Pyeongyang and Washington.
Kim Ji-yeon, Arirang News.
North Korea has acknowledged major flaws in its original five-year economic development plan and says it'll come up with a new one early next year.
The North is also expected to announce new strategies for overcoming the stalled denuclearization talks with the U.S.
Kim Ji-yeon reports.
North Korea says it'll unveil its new five-year economic development plan at the 8th Workers' Party congress in January 2021.
That's earlier than scheduled... since its current five-year plan... which was presented during the seventh party congress in May 2016... is supposed to still be underway.
The state-run Korean Central News Agency said North Korean leader Kim Jong-un, who presided over the Central Committee meeting on Wednesday... acknowledged the current plan wasn't working out as expected.
He blamed unexpected and inevitable challenges that prevented the regime fulfilling its plans for economic development.
Pundits suspect the move is to find a way to divert some of the blame for not achieving many of its goals that have been hamstrung by international sanctions as well as the prolonged fight against the COVID-19 pandemic... which led the North to shut its border with China, its biggest trading partner.
Wednesday's party meeting was widely expected to be aimed at addressing organizational matters and issues closely related to the livelihoods of the North Korean people,... who have been struggling due to recent flooding and COVID-19.
The timing of the North's new five-year plan will come a matter of weeks after the U.S. presidential election... raising expectations North Korea may also disclose its new external policies... amid the continued deadlock in the denuclearization talks between Pyeongyang and Washington.
Kim Ji-yeon, Arirang News.