A couple of years ago, when I asked a Chinese migrant entrepreneur in Cambodia what his next plan was, he said he was waiting for North Korea to open up: that was the next bonanza. According to a recent article in the newspaper Dongfang Zaobao, there are in fact already numerous Chinese investments in North Korea, mostly in mining, but also a bicycle and a tobacco factory. Some were arranged via high-ranking contacts by Chinese traders from the border areas who used to engage in smuggling before North Korea cracked down on it. According to the article, in 2006-07，ten mines were sold to Chinese companies, but in 2009, one of these was renationalised without compensation.
Chinese investments in North Korea