China to cut off imports from North Korea under U.N. sanctions - Macleans.ca
 

China to cut off imports from North Korea under U.N. sanctions

China says it will cease imports of coal, iron ore and other goods in three weeks


 

Chinese soldiers hoist the national flag in Guangzhou.

BEIJING – China announced Monday it will cut off imports of North Korean coal, iron ore and other goods in three weeks under U.N. sanctions imposed over the North’s nuclear and missile programs.

China, the isolated North’s main trading partner, has been reluctant to push leader Kim Jong Un’s regime too hard for fear it might collapse. But Beijing is increasingly frustrated with Pyongyang and supported a U.N. Security Council ban on Aug. 5 on coal and other key goods.

The Chinese customs agency said it will stop processing imports of North Korean coal, iron and lead ores and fish at midnight on Sept. 5.

“After that, entry of these goods will be prohibited,” said an agency statement.

The announcement follows an escalating exchange of angry words between Trump and Kim’s government. Trump declared the U.S. military “locked and loaded” while Pyongyang threatened to fire four missiles into waters near the U.S. territory of Guam.

The latest U.N. sanctions are intended to block North Korean exports worth $1 billion – a significant share of total exports valued at $3 billion last year.

China stopped importing North Korean coal in February but total trade has risen, which prompted U.S. President Donald Trump to accuse Beijing in July of failing to use its economic leverage to stop Pyongyang’s pursuit of nuclear weapons.

Beijing had long been Pyongyang’s only diplomatic defender but agreed in March 2016 to sanctions against the North following its test of a long-range missile.

Still, Chinese leaders oppose blocking all trade with the impoverished North, which they argue might cause widespread hunger.

The Chinese import cut will come the week of Foundation Day on Sept. 9, the North Korean holiday commemorating the founding of the country’s government in 1948.

North Korean imports of Chinese oil, consumer goods and other products rose 36.7 per cent from a year earlier in the first half of this year to 1.1 billion yuan ($165 million), according to Chinese customs data. Chinese imports from the North fell 7.6 per cent in the same period to 611 million yuan ($91 million), squeezing the North’s revenue.

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China to cut off imports from North Korea under U.N. sanctions

  1. A total waste of time.

  2. China is a cause the Korea Peninsula problem to start with by supplying NK with all the necessary materials to create their atomic bombs. Since they created the problem, they should solve it.