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Thursday, September 28, 2017

Reading News 4U: China Orders Closing of North Korean Businesses and Joint Ventures

VietPress USA (Sept. 28th, 2017): Kim Jong-un will go to the corner because China, the only its ally today announces that Chinese Commerce Ministry now orders to cut off businesses and Joint Ventures with North Korea according the the U.N. Sanctions. Read this news on TheEpochtimes at:
https://www.theepochtimes.com/china-orders-closing-of-north-korean-businesses-and-joint-ventures_2322117.html

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China Orders Closing of North Korean Businesses and Joint Ventures

By Joshua Philipp, The Epoch Times
September 28, 2017 12:47 pm Last Updated: September 28, 2017 2:26 pm
China’s central bank had also recently told banks to implement the United Nations sanctions against North Korea, according to Reuters on Sept. 21. Banks were told to deny services to new North Korean customers, and to wind down loans to existing North Korean customers.
The move follows sanctions passed by the United Nations Security Council, which were in response to North Korea recently testing a nuclear weapon, firing a missile over Japan, and threatening to attack the U.S. territory of Guam.
China first announced it would support the U.N. sanctions on Aug. 14, which prevent imports from North Korea including iron, lead, and coal. It also supported a second round of sanctions passed on Sept. 11.
After the sanctions were passed, North Korean dictator Kim Jong Un fired an intermediate-range ballistic missile over Japan on Sept. 15.
U.S. Defense Secretary James Mattis responded on Sept. 15, saying the United States stands by its allies including Japan and South Korea, and “we remain prepared to defend ourselves and our allies from any attack or provocation and to use the full range of capabilities at our disposal against the threat from North Korea.”

Defense Secretary James Mattis (L) and Gen. Joseph Dunford, chairman of the Joint Chiefs of Staff, arrive to speak to the press about the situation in North Korea at the White House in Washington on Sept. 3, 2017. (NICHOLAS KAMM/AFP/Getty Images)

 Soon after, President Donald Trump spoke with South Korean President Moon Jae-in. Trump said on Twitter on Sept. 17, that he “Asked him how Rocket Man is doing. Long gas lines forming in North Korea. Too bad!”

I spoke with President Moon of South Korea last night. Asked him how Rocket Man is doing. Long gas lines forming in North Korea. Too bad!


Ambassadors to the UN vote during a United Nations Security Council meeting on North Korea in New York City on Sept. 11, 2017. (REUTERS/Stephanie Keith)

The United States, Japan, and South Korea proposed to cut off North Korea’s oil supply—an act that Japanese financial newspaper Nikkei Asian Review said on Aug. 30 would “strike at the lifeblood of Pyongyang’s weapons programs.”
The oil ban was not included in the sanctions, however. The Chinese regime supplies close to 90 percent of North Korea’s documented crude oil supply.
In the past, the Chinese Communist Party (CCP) was North Korea’s strongest defender, and had provided technology and equipment for its nuclear programs. However, relations between the two communist states have changed in recent years.
Former CCP leader Jiang Zemin fostered relations between China and North Korea, and these relations have been maintained by his political faction in China, which has challenged the current Chinese leadership.
Xi, meanwhile, has relatively cold relations with North Korea, and has signaled that he will cooperate with the United States and United Nations to begin dismantling China’s support systems for the communist regime that were built by Jiang.
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