N.Korea vows to take 'corresponding measures' if United Nations adopts sanctions


Late last month, US Treasury Secretary Steven Mnuchin announced US sanctions on China's Bank of Dandong, Dalian Global Unity Shipping and two Chinese business executives for their supposed business dealings with North Korea.

Experts believe Seoul could agree to power down propaganda loudspeakers installed along the border and end its anti-North Korean regime leaflet drops. The case could provide the basis for United States penalties against the five companies, similar to those imposed on another Chinese corporation, Dandong Hongxiang Industrial Development Co., last year.

Beijing was quick to pour cold water on the suggestion that the overall rise in trade suggested it was not complying with U.N. Security Council resolutions created to punish Pyongyang for its nuclear tests and missile launches. United States ambassador Haley told the UN Security Council the USA was prepared to "use the full range of our capabilities", including "our considerable military forces" to deal with North Korea. The alleged network included one of the largest Chinese importers of North Korean goods, Dandong Zhicheng Metallic Material Co. "That being said, I think the president has made clear in the past with respect that any type of conditions that would have to be met are clearly far away from where we are now".

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South Korea may propose inter-Korean military talks as early as this week to follow up on President Moon Jae-in's offer to stop all acts of hostility on the border, a government official said Sunday. An online article in the official People's Daily this week accused the U.S. and Japan of using the "China responsibility theory" to hide their own failure on the Korean Peninsula.

"It's high time for the United States to maximize global economic pressure against Kim Jong Un's regime as well as against the many foreign banks and foreign companies that are enabling it, especially in China".

Huang said the price fluctuation of commodities could also potentially boost the trade figure as measured by value. "We must utilize direct negotiations with Pyongyang alongside increased economic sanctions pressure from China to bring the Kim regime to the table and ultimately rid the Korean Peninsula of nuclear weapons".

The Chinese economy is growing faster than all expectations
On a quarterly basis, GDP was up 1.7 percent - in line with expectations and up from 1.3 percent in the three months prior. So China's leaders have been eager to keep the economy growing briskly at least until then.

"Trade between China and North Korea grew nearly 40% in the first quarter", Trump tweeted the day after North Korea launched its first intercontinental ballistic missile.

Analysts say the overall picture suggests that North Korea is buying increasing amounts of products from China.

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