N Korea holds spl meeting on economic woes

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SEOUL, Oct 20 (AFP): North Korea held an expanded cabinet meeting today on ways to boost production, state media reported, the latest sign of official concern about the hardline communist state's crumbling economy.
Cabinet members, local government officials and managers of major factories took part in the meeting on efforts to implement leader Kim Jong-Il's policies, the official Korean Central News Agency reported.
The meeting affirmed the need to stick to socialist principles in economic projects and promote "the superiority of the socialist economy," it said.
It reviewed economic planning and the state budget for the third quarter and plans for the fourth quarter.