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	<title>Comments on: DPRK market closure reports deemed rumor</title>
	<link>http://www.nkeconwatch.com/2009/07/08/north-korea-begins-closing-general-markets/</link>
	<description>News and analysis of the North Korean economy</description>
	<pubDate>Tue, 16 Mar 2010 21:54:04 +0000</pubDate>
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		<title>By: NKeconWatch</title>
		<link>http://www.nkeconwatch.com/2009/07/08/north-korea-begins-closing-general-markets/#comment-147111</link>
		<dc:creator>NKeconWatch</dc:creator>
		<pubDate>Thu, 09 Jul 2009 14:52:14 +0000</pubDate>
		<guid>http://www.nkeconwatch.com/2009/07/08/north-korea-begins-closing-general-markets/#comment-147111</guid>
		<description>July 3rd: http://goodfriendsusa.blogspot.com/2009/07/north-korea-today-no284.html

The Goal of Abolishing General Markets Steadily Comes Closer to Becoming a Reality
The goal of abolishing general markets is gradually becoming a reality. Beginning in the second half of last year, North Korean authorities have increasingly made it clear that they attend to completely abolish general markets and replace them with farmers’ markets. For several reasons, the implementation of this plan was deferred for six months. The most symbolic example of this crackdown was the closure of the Pyongsung Market, which was shuttered because it held the title of being the nation’s largest wholesale market. It was decided that, in place of the Pyongsung Market, several smaller district markets should be opened. In addition, the Central Party instructed the Ministry of Commerce to fill government department stores with a significant quantity of Chinese-produced goods. Other cities have similarly been issued instructions to import as many Chinese-manufactured good as their situation permits. These policies are intended to keep supplies of in-demand items from running out in the lead-up to the Pyongsung Market’s closing. The policies are being implemented in direct response to the resistance being put up by residents, which initially caused the market’s abolition to be deferred. A party leader in Pyongyang reported that these measures were put in place to minimize the inconvenience to residents. He added, “The Central Party believes that the general markets should be shut down completely, but they fear forced eradication may result in increased resentment from residents. As a result, they are trying a policy of persuasion this time. Regardless, they are determined to completely transform the market structure. They hope that if citizens are relentlessly mobilized and severely restricted, they will not have time to develop ill will.”</description>
		<content:encoded><![CDATA[<p>July 3rd: <a href="http://goodfriendsusa.blogspot.com/2009/07/north-korea-today-no284.html" rel="nofollow">http://goodfriendsusa.blogspot.com/2009/07/north-korea-today-no284.html</a></p>
<p>The Goal of Abolishing General Markets Steadily Comes Closer to Becoming a Reality<br />
The goal of abolishing general markets is gradually becoming a reality. Beginning in the second half of last year, North Korean authorities have increasingly made it clear that they attend to completely abolish general markets and replace them with farmers’ markets. For several reasons, the implementation of this plan was deferred for six months. The most symbolic example of this crackdown was the closure of the Pyongsung Market, which was shuttered because it held the title of being the nation’s largest wholesale market. It was decided that, in place of the Pyongsung Market, several smaller district markets should be opened. In addition, the Central Party instructed the Ministry of Commerce to fill government department stores with a significant quantity of Chinese-produced goods. Other cities have similarly been issued instructions to import as many Chinese-manufactured good as their situation permits. These policies are intended to keep supplies of in-demand items from running out in the lead-up to the Pyongsung Market’s closing. The policies are being implemented in direct response to the resistance being put up by residents, which initially caused the market’s abolition to be deferred. A party leader in Pyongyang reported that these measures were put in place to minimize the inconvenience to residents. He added, “The Central Party believes that the general markets should be shut down completely, but they fear forced eradication may result in increased resentment from residents. As a result, they are trying a policy of persuasion this time. Regardless, they are determined to completely transform the market structure. They hope that if citizens are relentlessly mobilized and severely restricted, they will not have time to develop ill will.”</p>
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	<item>
		<title>By: NKeconWatch</title>
		<link>http://www.nkeconwatch.com/2009/07/08/north-korea-begins-closing-general-markets/#comment-147110</link>
		<dc:creator>NKeconWatch</dc:creator>
		<pubDate>Thu, 09 Jul 2009 14:50:59 +0000</pubDate>
		<guid>http://www.nkeconwatch.com/2009/07/08/north-korea-begins-closing-general-markets/#comment-147110</guid>
		<description>June 27th: http://goodfriendsusa.blogspot.com/2009/06/north-korea-today-no283.html</description>
		<content:encoded><![CDATA[<p>June 27th: <a href="http://goodfriendsusa.blogspot.com/2009/06/north-korea-today-no283.html" rel="nofollow">http://goodfriendsusa.blogspot.com/2009/06/north-korea-today-no283.html</a></p>
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	<item>
		<title>By: Kevin</title>
		<link>http://www.nkeconwatch.com/2009/07/08/north-korea-begins-closing-general-markets/#comment-146908</link>
		<dc:creator>Kevin</dc:creator>
		<pubDate>Wed, 08 Jul 2009 00:48:08 +0000</pubDate>
		<guid>http://www.nkeconwatch.com/2009/07/08/north-korea-begins-closing-general-markets/#comment-146908</guid>
		<description>The original Korean report is in the June 23 issue.</description>
		<content:encoded><![CDATA[<p>The original Korean report is in the June 23 issue.</p>
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	</item>
	<item>
		<title>By: NKeconWatch</title>
		<link>http://www.nkeconwatch.com/2009/07/08/north-korea-begins-closing-general-markets/#comment-145852</link>
		<dc:creator>NKeconWatch</dc:creator>
		<pubDate>Wed, 01 Jul 2009 22:47:54 +0000</pubDate>
		<guid>http://www.nkeconwatch.com/2009/07/08/north-korea-begins-closing-general-markets/#comment-145852</guid>
		<description>From Goodfriends:

Pyongsung Wholesale Market to Be Closed
The Central Party has decided to close the Pyongsung Market. Since January, North Korean authorities have been trying to close all the general markets and convert them to farmers’ markets. Due to considerable rural opposition to the policy, they decided to delay these transitions by six months. Currently, The Pyongsung Market is the largest wholesale market in the nation. The decision to close the market was made on the assumption that if the largest market were to be closed, other markets around the country would begin to decline. In the meantime, the city of Pyongsung has been reviewing plans to manage smaller markets in each of the city’s districts. This plan includes stricter restrictions on age eligibility for peddling permits. Additionally, Peddling permits will now be granted to the three poorest families from each neighborhood unit.</description>
		<content:encoded><![CDATA[<p>From Goodfriends:</p>
<p>Pyongsung Wholesale Market to Be Closed<br />
The Central Party has decided to close the Pyongsung Market. Since January, North Korean authorities have been trying to close all the general markets and convert them to farmers’ markets. Due to considerable rural opposition to the policy, they decided to delay these transitions by six months. Currently, The Pyongsung Market is the largest wholesale market in the nation. The decision to close the market was made on the assumption that if the largest market were to be closed, other markets around the country would begin to decline. In the meantime, the city of Pyongsung has been reviewing plans to manage smaller markets in each of the city’s districts. This plan includes stricter restrictions on age eligibility for peddling permits. Additionally, Peddling permits will now be granted to the three poorest families from each neighborhood unit.</p>
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