China's trade with North Korea rises 10%

Ivan Schwartz
July 17, 2017

She told the Security Council last week that the USA planned a new resolution that would also ensure existing measures are enforced.

China announced in February the suspension of coal imports from the North, striking a blow at a major source of income for the hermit state. "Ninety percent of the economy of North Korea depends on China".

Frustrated with China's unwillingness and inability to pressure Pyongyang to change course, Washington is casting about for other options. "We absolutely disagree on that", he said.

Prices stabilised after the sharp spikes through the first week of July, likely because North Korea encouraged fuel smuggling across its border with China, Kang said. Their state media reported, "As a full-fledged nuclear power that has been possessed of the most powerful intercontinental ballistic rocket capable of hitting any part of the world, along with nuclear weapons, the DPRK [North Korea] will fundamentally put an end to the us nuclear war threat and blackmail".

China has always been the North's main diplomatic defender but increasingly expresses frustration with leader Kim Jong Un's provocative behavior. Greitens says that's not a good trade for the make.

The North's foreign ministry said in a statement carried by the official KCNA news agency that the ICBM test was an exercise of its legitimate right to self-defense against nuclear threat from the United States.

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All diplomatic efforts and sanctions to arrest this North Korean menace have thus far proven fruitless. "So much for China working with us - but we had to give it a try!" He told The Wall Street Journal, "That would be in keeping with Russia's modus operandi, which is to support rogue regimes that complicate America's influence throughout the world".

Gasoline and diesel prices have reportedly jumped in North Korea, after its largest crude supplier China halted fuel sales.

Even though South Korea has continued to participate in US -led military drills, a recent statement from Moon Chung-in, a major adviser to the South Korean presidential administration, calling for downsized military exercises has captured the attention of Russian policymakers. On May 29, new South Korean President Moon Jae-in emphasized the importance of cooperation with Russian Federation and expressed optimism that Moscow could facilitate an improvement in Seoul-Pyongyang relations. "Knowing what happened to Saddam Hussein and Muammar Gaddafi, whose fates are proof that bluffing is not a wise policy, North Korea has created a nuclear and a missile program...."

"The U.S. conventional and nuclear forces, as well as South Korea and Japan's forces, greatly outstrip North Korea in terms of technology", Hanham asserted. Notably, this other new rocket's high-performance liquid-fueled engine appears to have been developed from scratch rather than by adapting a Russian or Chinese design.

Despite recent European Union overtures urging dialogue on the North Korean crisis, the ministers called on Pyongyang to move toward reducing its nuclear program as a precondition for broader global talks, even as South Korea's new left-leaning president pushed military-to-military contacts with the north to ease tensions. Only American steadfast determination can defuse it.

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