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North Korea opens First Bicycle Factory

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PYONGYANG, North Korea (Oct 7) – North Korea began production on Friday of the country’s first home-built bicycles, according to China’s Xinhua news agency. With annual production of up to 300,000 “Peony Peak” bikes a year, the Chinese-invested plant will cut reliance on the second-hand imports from neighbours Japan and China which have supplied the […]

PYONGYANG, North Korea (Oct 7) – North Korea began production on Friday of the country’s first home-built bicycles, according to China’s Xinhua news agency.
With annual production of up to 300,000 “Peony Peak” bikes a year, the Chinese-invested plant will cut reliance on the second-hand imports from neighbours Japan and China which have supplied the largely isolated socialist nation until now, the report said.
Energy-starved North Korea needs up to 7 million bicycles, the article quoted a company source saying. The joint-venture firm has more than 50 models including one that it said would become the new workhorse of the postal service.
Chinese investors own a 51 % stake in the $650,000 Pyongyang factory, with North Korea holding the rest.

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