China’s Foreign Minister Wang Yi will visit North Korea on Thursday for a two-day trip at Pyongyang’s invitation, his first since September 2019, SCMP reports
- The visit comes as Beijing increases engagement with North Korea through recent high-level exchanges, the report notes
- Earlier this year, China's Xi told Kim Jong-un he was ready to open a new chapter in China-DPRK friendship.
Context
China's Foreign Minister Wang Yi's upcoming visit to North Korea, the first in four years, underscores a revival in diplomatic ties as Beijing seeks to strengthen its relationship with Pyongyang. This development may signal a shift in regional dynamics, potentially impacting market sentiment towards risk assets, especially if it leads to further economic cooperation or stability in the region.
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