China cannot be blind to the Kims' bungling and bellicosity, nor welcome their nuclear ambitions. But it has had two worse fears. One is of a rekindled war on the peninsula, which would damage China. The other is of North Korean collapse, with millions of desperate refugees pouring into China and South Korea or even American troops on China's border. It is as a bulwark against this “instability” that China cossets the Kims. It refused to condemn them even for the sinking of the Cheonan, and this week issued blandly even-handed calls for restraint. It apparently believes that if their only ally abandons them, the Kims might do something really rash.

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