Clock ticking for Kim's Korea 24 January 2008 Kim Jong-Il's regime could collapse within six months, bringing chaos to North Korea, observers and intelligence sources in Asia have told Jane's. A joint United States report by the Center for Strategic and International Studies and the US Institute for Peace has also revealed that China has "contingency plans" in the event of North Korea's implosion. The report, entitled 'Keeping an Eye on an Unruly Neighbor', said that China was prepared to "take the initiative" and had a military strategy for securing North Korea's "loose nukes" should Kim Jong-Il's rule fail.