China's trade with North Korea sinks in October after United Nations sanctions

  • China's trade with North Korea sinks in October after United Nations sanctions

China's trade with North Korea sinks in October after United Nations sanctions

The announcement delivered via the state media KCNA was the first official response to the sanctions which targeted one individual, 13 companies and 20 vessels, the US says are engaged in millions of dollars worth of trade with North Korea.

North Korea has described as an absurdity, the decision by the United States to re-list North Korea as a state sponsor of terrorism, with a foreign ministry spokesman warning it was a quote: "serious provocation".

The report chillingly warns: "North Korea lacks a clear distinction between the use of nuclear weapons against military targets and their use against civilian targets". But the unilateral measures, analysts said, only prevent US companies and banks from doing business with those sanctioned, which was already happening in practice.

Sanctions are squeezing North Korea's economy more than in the past because China's enforcement has been much stronger, said Benjamin Katzeff Silbertstein, contributor to 38 North, a program of the U.S. -Korea Institute, and co-editor of North Korean Economy Watch.

New sanctions meted out by the U.S. government Tuesday targeted one Chinese individual, 13 entities in China and North Korea, and 20 vessels owned by North Korean shipping companies.

Trump met China's President Xi Jinping earlier this month and is bullish about the US-China relationship, but concerns remain that Beijing is not ready to take tough measures against Kim.

"We hope the relevant parties will do more to help deescalate tensions and come back to the track of peacefully resolving the Korean Peninsula nuclear issue through dialogue and negotiation".

Air China has cancelled flights between Beijing and Pyongyang due to low demand, closing one of the few routes into North Korea. It was that year that Bush removed North Korea from the "terror" list in hopes of persuading North Korea to abide by agreements hammered out in six-party talks calling for a specific schedule for dismantling its nuclear program.

Literally, it means North Korea would join Iran, Sudan and Syria on the list of state sponsors of terror.

He further disclosed that the designation is long overdue step and part of the U.S. The spokesperson noted that their actions included expulsion of North Korean workers and diplomats.