Published: Sun, July 16, 2017
World | By Paul Elliott

United States eyes new sanctions on China firms over N. Korea

United States eyes new sanctions on China firms over N. Korea

The embassy officials categorically told the leaders that the controversial missile test was part of defence and deterrence strategy of North Korea as it has been facing the threat from the U.S. and its ally South Korea.

The test sparked global alarm as it suggested North Korea now possessed an ICBM capable of reaching Alaska, a major milestone for the reclusive, nuclear-armed state.

"North Korea's economy is closely related to China hence the latter has the leverage to bring North Korea to the table", he said.

USA officials have also warned that China could face US trade and economic pressure - something Trump has held in abeyance since taking office in January - unless it does more to restrain its neighbor.

"I've never talked to a Chinese or Russian who has this as a top concern, as opposed to the US presence on the Korean peninsula, or the possible collapse of North Korea", he said.

China on Tuesday said it shouldn't be held responsible alone for solving the North Korean nuclear standoff, and accused other countries of shirking their responsibilities in the effort to reduce tensions.

Providing China with strong incentives to curb North Korea is a not a substitute for direct talks, which you favor.

The text calls for kicking out from the USA banking system the businesses and financial institutions involved in a significant amount of trade in goods and services with the communist state, barring all North Korean-made products from entering the U.S. market, and sanctioning all firms engaged in labor exports. North Korea still won't abandon its nuclear weapons because it is a matter of survival for the government.China knows full well that North Korea's defense and security is not a bargaining chip, it is not up for sale. For example, in 2013, the committee authorized long-range radar systems to improve our ability to track and intercept North Korea's missiles.

On Wednesday, North Korea has vowed to "turn the United States into a pile of ash" if Donald Trump tries to curb the nation's nuclear ambitions by force. Two quakes measuring 5.1 and 5.8 jolted southeastern South Korea on September 12, causing no casualties. "Whether or not it has been successful or not successful, it doesn't seem to deter Kim Jong Un".

Chinese Foreign Ministry spokesman Geng Shuang responded to the possible sanctions by reiterating the country's commitment to enforcing United Nations resolutions, adding that unilateral sanctions were outside the framework of this commitment. Responding last Wednesday to earlier figures showing a first-quarter boost in trade between China and North Korea, he tweeted: "So much for China working with us - but we had to give it a try!"

The report linked Iran and North Korea, claiming that both states were moving toward producing the Fadj-5 Aero CRBM and KN-SS-X-9, respectively.

Still, Chinese purchases of North Korean iron ore are contributing to tensions between the US and China following President Donald Trump's statement last week expressing annoyance about China-North Korea economic ties.

THAAD and other systems, while seen as provocations by some, buy the Trump Administration time to come up with a comprehensive and lasting solution to the Korean problem.

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