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North Korea is hungry for foreign investments, particularly in infrastructure, as its government focuses on economic development. It “would love to be part of Belt and Road,” said Dane Chamorro of consulting firm Control Risks. While China may be open to the idea, experts say it’s unlikely to offer the isolated state membership anytime soon.

Washington should seek to deescalate the current trend in the regional competition with Beijing and instead pursue opportunities to engage Beijing toward establishing a long-term, stable balance of power in the region.