The US Puts More Pressure On China Over North Korea

Barsaba Taglieri
Luglio 16, 2017

Huang Songping, spokesman of General Administration of Customs, said on Thursday at a Beijing news conference that China's total imports from the DPRK amounted to US$880 million in the first six months of this year, a year-on-year drop of 13.2 percent.

A Chinese government official said Thursday that China-North Korea trade was worth $2.6 billion in the first half of 2017, up about 10% over the same period a year ago.

China, North Korea's most important economic partner, has been increasing restrictions against North Korean activity in the country. They had risen by 18% in the quarter ended March.

Exports to North Korea rose 29.1 percent to $1.67 billion during the period, the data showed.

The sanctions being considered would seek to apply economic pressure on businesses and companies in countries with ties to North Korea by denying them access to the USA market and financial system.

The White House took swift action after seeing that a strategy of persuasion wasn't working - approving a long-delayed arms sales package to Taiwan, sending in a pair of freedom of navigation operations to challenge Beijing's territorial claims in the heavily contested South China Sea, and imposing an initial round of secondary sanctions, which targeted a few individuals and companies with financial ties to Pyongyang.

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.

Trump has complained that trade increased between the two despite calling on his Chinese counterpart Xi Jinping to use the nation's unique diplomatic and economic clout over North Korea as leverage. But it is especially anxious about the collapse of the regime with which it shares a border, and fears both an influx of millions of North Korean refugees and the possibility of a unified Korea with US troops again at the Yalu River.

"The new figures that the customs bureau have put out today suggest [they] have made an effort, at least on paper", he added.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE