중국자본 대북투자 급증의 함의와 전망: 동반성장론과 동북4성론을 중심으로 = The study on the China`s fast capital outflows into DPRK : focusing on the argument of fourth province of Manchuria and the theory of joint development with North Korea

다국어 초록 (Multilingual Abstract)

Chinese people are crossing the Yalu river again, after the Korean War, now as merchants, The prospect of gold-mining in Chosun (North Korea)... - these are the headlines in Liao Wang Fang Weekly``s issue for the second half of last year, a magazine dealing with current affairs in East-Asia. The lines tell of growing trend in China``s fast capital outflow into North Korea. Why do the Chinese pour their money into such a poor country which has to go a long way to become a market economy; will Pyongyang become a profitable market in the near future; and has the North officially started to accept Chinese commercial capital? Correct answer would be focused on both economic and political side. Chinese large investment in North Korea makes sense for both North Korea and China. For the North Koreans, China is the only nation it can and Japan in response to the North Korea``s nuclear threat. China also has a advantage like joint development of rich mineral resources and oil from the economic cooperation with North Korea. On other side, however, it is worried that the North``s rapid and heavy reliance on Chinese capital would only help Beijing expand the political ``Northeast Area Project`` that China has incorporated the history of Kokuryo before 7th centuries into his one, into the economic area.