Beijing Orders All North Korean Businesses To Close

In the latest sign that China is moving to dramatically limit its exposure to its restive neighbor and long-time economic dependent, Chinese authorities on Thursday ordered all North Korean firms to stop doing business in the world's second-largest economy, fulfilling Beijing's obligations according to the latest round of UN Security Council sanctions, which were passed two weeks ago.

The order comes just days after President Donald Trump revealed that the People’s Bank of China had asked the country’s banks to sever their business ties with North Korea.

Specifically, they were ordered to stop providing financial services to North Korean customers and to wind down existing loans, severing one of North Korea’s most reliable connections to the global financial system. It was reported that the banks were warned that continuing to transact with North Korean business could result in embarrassment and economic losses, according to Russia Today.

After the UN Security Council passed new sanctions two weeks ago, the Chinese Commerce Ministry said North Korean firms and joint ventures in China would be closed within 120 days.

Meanwhile, on Tuesday, the US announced sanctions against eight North Korean banks and 26 individuals. The new punitive measures followed President Trump’s executive order targeting North Korea’s access to the international banking system.

Perhaps the intensifying economic desperation in the isolated country has helped push more young men and women to volunteer for the country’s army. According to official propaganda, nearly 5 million North Koreans have volunteered for the army over the past week. That’s a staggering success rate for the country’s recruiters, considering the North has a population of about 25 million people.

China's President Xi Jinping has sought to sooth Trump’s doubts about Beijing’s commitment to denuclearizing North Korea, though the Chinese government has continued to advocate for talks between the two countries that could eventually lead to a peaceful settlement.

Pyongyang has accused the US of “declaring war” on the North, claiming that Trump’s violent rhetoric and repeated promises to “destroy” North Korea and topple the Kim regime constituted a declaration of war. Of course, the US has denied this, and both sides have continued to trade increasingly detailed threats. The North, for example, recently threatened to test a hydrogen bomb over the Pacific Ocean. Meanwhile, Trump responded that the US has devised “four or five” military options for dealing with North Korea.

US officials have expressed hope that the economic sanctions will force North Korea to the negotiating table. However, their economy has proven resilient so far. But will China’s decision to sever ties with the North make a difference? We should know soon. 

Comments

Slack Jack oncefired Thu, 09/28/2017 - 15:17 Permalink

Engdahl says Kim Jong Un is false opposition.

Engdahl says that Kim Jong Un lived in Switzerland from 1991 until 2000. He attended the Liebefeld Steinhölzli school in Köniz near Bern. The strongest hint that Kim Jong Un is a "Pentagon" puppet and not a communist (Chinese) puppet is that he had China's best friend in Pyongyang, Jang Sung-taek, executed. He also ordered the systematic execution of all other members of Jang's family including children and grandchildren (and others that were considered too close to China).

Other hints are that he is usefully (to the US) provocative and doesn't seem to listen to China.

Engdahl also thinks North Korea is an Pentagon Vassal State, but it seems more likely that Kim Jong Un is indeed a "Pentagon" man but that North Korea is (i.e., will be treated as) an enemy state.

https://journal-neo.org/2016/11/01/north-korea-is-an-pentagon-vassal-st…

Remember: The first rule for fighting a (real) war is to place your own puppet as the leader of the enemy.

Also, one should not forget that Trump, Obama, Bush and Clinton are all Jews.

http://www.preearth.net/phpBB3/viewtopic.php?f=20&t=630

http://mileswmathis.com/trump.pdf

And as an example of how real wars are fought,....

Proof that Adolf Hitler was a double agent.

http://www.preearth.net/phpBB3/viewtopic.php?f=22&t=1174

It seems pretty weird when you first read it, but its clearly true.

In reply to by oncefired

lucitanian Ghost of PartysOver Thu, 09/28/2017 - 18:22 Permalink

No, Now I think it is time for the West Pacific parties, Japan, S.Korea, N. Korea, China and Russia to reach an agreement, leading to a S/N non-agression and peace treaty, nuclear free region, no missile tests over each others territory, etc.. excluding USA, and then hand Trump a fait accompli, to reduce his bases in the region and get his fucking agressive joint excersises out of East Asia, i.e. end of "Pivot". (Good for China Good for Russia, and eventually good for S.Korea and Japan) and fuck US hegemony.

In reply to by Ghost of PartysOver

SDShack BlindMonkey Thu, 09/28/2017 - 22:47 Permalink

No, the parallel is the Cuban Missile Crisis. This will be pushed past the extreme just like the Cuban Missile Crisis. The Doomsday Clock will literally be at 11:59 and then China will miraculously intevene to corral its proxy... for a price. Just like JFK traded US Missiles in Turkey for Soviet Missiles in Cuba, the US will trade something for what China wants. I have always said it is our support for Taiwan, and I still think that is the prize that China will gladly sacrifice NK for.

In reply to by BlindMonkey

Shemp 4 Victory Déjà view Thu, 09/28/2017 - 11:41 Permalink

 

US officials have expressed hope that the economic sanctions will force North Korea to the negotiating table.

The DPRK has been wanting negotiations for years. It is the US which must be forced to the negotiating table.5 Myths on Nuclear Diplomacy with North Koreahttps://www.armscontrol.org/blog/2017-08-21/5-myths-nuclear-diplomacy-n… Korea’s Rational Nuclear Strategyhttps://consortiumnews.com/2017/09/26/north-koreas-rational-nuclear-str…

In reply to by Déjà view

lucitanian yomutti2 Thu, 09/28/2017 - 17:55 Permalink

Who reneged on it?"There are those now who have come forward from the Clinton administration saying that the deal was basically abandoned by the United States. That's perhaps too strong, but that there was a lack of political will to enforce the Agreed Framework, that in fact, the complaints coming from North Korea that the United States dragged its feet and reneged have some validity. My own view here is -- and there are disagreements about this -- that in the Clinton administration there wasn't the enthusiasm for everything the North Koreans wanted in terms of the political pay-off from the deal. So the North Koreans were somewhat disappointed. But let's be clear about this. There are hard and soft portions to the deal. A hard portion was they needed to have their [plutonium] program frozen, and under inspection, and they needed to re-can the spent fuel so it wasn't reprocessed. That was done. Did they hold to their end of the agreement in that sense?Absolutely."Robert Gallucci Chief U.S. Negotiator with North Korea during the nuclear crisis of 1993-1994http://www.pbs.org/wgbh/pages/frontline/shows/kim/themes/lessons.htmlTh… for your BS Yomutti2 

In reply to by yomutti2

Shemp 4 Victory MasterControl Thu, 09/28/2017 - 13:47 Permalink

Clearly none of the above commenters even bothered to read the two articles to which I provided links.US citizens love their propaganda and fantasy. They do not care for facts.This is where US citizenism leads people to: denying the obvious and inventing fantasy to avoid coping with reality.But don't disturb the US world order as it is perceived by US citizens. They love so much their cocoon of duplicity. Facts would be too hard on them.

In reply to by MasterControl

GUS100CORRINA Byte Me Thu, 09/28/2017 - 11:20 Permalink

My response: Oops .... The NK emperors have no clothes and the tide just went out.President TRUMP to President XI ... "If you help the USA with this situation, we will overlook the currency manipulation issue and other things as well! The USA does NOT want to engage in a military conflict with DPNK. How about making a deal?"President XI ... "NO PROBLEM. We will CUT OFF the DPNK HEAD."President TRUMP ... "THANK YOU"THE END OF DPNK's NUCLEARIZATION PROGRAM with no shots fired!

In reply to by Byte Me

Blankone Kotzbomber747 Thu, 09/28/2017 - 11:36 Permalink

If this is not just window dressing and NK businesses will be closed it may be a blunder by China. It would show Trump he has been successful in pushing China and now he will get much worse.

And what does China want? For NK to be compliant towards the US, for NK to fold and a new US puppet govt to take over NK and let the US put missiles along China's border and aimed at Beijing?

China should support NK, put Chinese missiles in NK and give NK nukes to prevent any US attack.

In reply to by Kotzbomber747

Justin Case Blankone Thu, 09/28/2017 - 11:52 Permalink

What is scarcely acknowledged in the west was the devastation the Korean War wrought upon the North. The US led UN Command dropped more bombs on the north than the US had dropped in the whole Pacific theatre in World War 2. This included the dropping of 20,000 tonnes of napalm, a particularly gruesome way of killing people. This method was later used to equally horrific effect in Vietnam.We now also know that the US waged bacteriological warfare, building upon Japanese expertise garnered in their war on China and further developed by US scientists at Fort Detrick.An estimated two million people, or 20% of the total population, were killed. The bombing flattened every city in the country. In addition, the bombing targeted irrigation dams on the Yalu River. The intention was to destroy the rice crop and thereby starve the population into submission. Only emergency assistance from, among others, the Soviet Union and China prevented widespread famine and death.The Korean War ended with an armistice, not a peace treaty. The war is still technically not concluded, and it is the failure to address the multiple issues left unresolved by the armistice that are the direct antecedents of the present confrontational style adopted by both sides of the argument.Although one will struggle to find it in any contemporary western news outlet, the North Korean leadership does have considerable justification for its current stance and policies.

In reply to by Blankone

richsob Justin Case Thu, 09/28/2017 - 12:23 Permalink

Cry me a river.  They invaded and got their ass torn up.  We should have finished the job during the Korean War but we didn't.  Now?  The job is going to be harder to finish than ever.  It DOES NOT mean we should invade and occupy NK.  What it does mean is defeating Fat Boy once and for all then working with China and Russia to rebuild an independent NK that deserves the world's respect and support. 

In reply to by Justin Case

Justin Case richsob Thu, 09/28/2017 - 12:50 Permalink

The US felt able to leave South Korea in 1948 because they had installed the US educated Syngman Rhee as dictator. He ruled as dictators do, killing, jailing or driving into exile tens of thousands of his political opponents.Rhee was finally overthrown in a popular revolution in 1960. In scenes later to be replicated in Saigon in 1975, he was plucked from his palace by a CIA helicopter who ferried him to safety while the crowds converged on the palace.Rhee also had ambitions to forcefully bring about the reunification of the two parts of Korea. Thanks to the scholarship revealed in Professor Bruce Cumings’ two volume history of the Korean War we now know that the standard western line about the Korean War starting with an invasion of the South by troops from the North is at best an approximation of the true history of the conflict. The truth is considerably more complicated.For years preceding the Northern troops crossing the border in July 1950, Rhee had been staging incursions into the north, carrying out killings, sabotage and other forms of asymmetrical warfare. On the island of Cheju-do for example, as many as 60,000 people were murdered by Rhee’s military forces.

In reply to by richsob

KimAsa Justin Case Thu, 09/28/2017 - 12:27 Permalink

Perhaps justification under the leadership of founding father Kim IL Sung, but certainly not under the youngest Kim. The eldest Kim's idea of self-reliance and independence (Juche) may have had good intentions considering what they had gone through after WWII. But there is very little justification left for baby Kim's interpretation and implementation of grampa Kim's philosophies. The country has turned into a massive military theorcracy- a dangerous one.

In reply to by Justin Case

Justin Case KimAsa Thu, 09/28/2017 - 12:55 Permalink

North Korea signed the nuclear treaty on the non-proliferation of nuclear weapons (NPT) in December 1985. A further non-proliferation agreement came into force in May 1992, at which time IAEA inspections of North Korea’s compliance with the NPT began. There were disputes about North Korea’s actual compliance with the NPT, but the significant point is that the North Koreans agreed to the IAEA’s inspection demands. In exchange, the US suspended its joint military exercises with the South Koreans and agreed to face to face negotiations to resolve outstanding issues.These talks resulted in a wide-ranging agreement in October 1994, popularly referred to as the “Agreed Framework”. Shortly after the Framework was signed however, the Republican Party took control of Congress. Implementation of the Agreed Framework ceased almost immediately because of US Congressional hostility. The North Koreans repeatedly warned from that point that they would have no option other than to resume their nuclear program.A further preliminary agreement was reached in September 2005 following the so-called six party talks (South Korea, North Korea, China, Japan, Russia and the US). No progress has been made since then, although the North Koreans reiterated as recently as November 2010 that they were willing to conclude an agreement to end its nuclear program, place the program under IAEA inspection, and conclude a permanent treaty to replace the 1953 armistice. In short, to implement what had been agreed (along with a number of other points) in October 1994.It is the US that has refused to sit down with North Korea and negotiate such a settlement. Instead, the US has installed the THAAD missile system in South Korea, which the Chinese, as well as the North Koreans, correctly claim is a direct threat to their security.The US continues to conduct joint military exercises off the Korean coast, the maritime boundaries of which are themselves in violation of international maritime law. Further, as noted above, the making of threats of unilateral (and illegal) military action are hardly conducive to the resolution of any dispute. Neither is unhelpfully labeling the other party a member of an “axis of evil” likely to do anything to improve relations.Latterly, the western media have been full of alarmist threats about North Korea’s alleged capacity to fire a nuclear missile able to reach the west coast of the United States (and Australia). The lack of evidence of any technical ability to actually do so is not welcomed as part of the debate.More significantly, given that any such attack would lead to an immediate and massive retaliation reducing North Korea to a radioactive wasteland, it is difficult to discern any rational basis for such an alleged threat. Rationality however, is not part of the equation.It suits US foreign policy very well indeed to be able to paint Kim Yong-Un as a dangerous and unpredictable madman. It helps justify the massive continued US military (and nuclear armed) presence in the region, including in South Korea, and maintaining 400 military bases to “contain China” and any other enemy du jour in the region. In that sense, Kim is very much Washington’s ‘useful idiot.’The greater danger to peace and stability in the region comes from an even more dangerous and unpredictable egoist in the White House. That really is a worry.

In reply to by KimAsa

Mineshaft Gap Justin Case Thu, 09/28/2017 - 17:39 Permalink

Missing from your interesting analysis is the economic basis for North Korea's fits: not merely its own perennial woes but the much larger backdrop of Sino-American relations since the 1990s in which trade has been made a pillar of the neoliberal state.Fragile, destructive and ultimately doomed, the deal for North Americans to live beyond their means by selling debt to China in return for cheap shit bound at sea for Jeff Bezos' gloomy warehouses is the crucible here -- particularly now that it is foundering.If the US continued to play the game without cavil (accepting the costs in social immiseration as well as the accumulation of debt and the rise of Chinese power) it's likely Beijing would reign in its excitable vassal state. For reasons not limited to our populist hour, the game is imperilled and the reminder from China is at least understandable: "You would screw us, after all those T-bills? Did you forget our little friend? He likes to push red buttons."The dynamic of DPRK nuclear development is not unilateral -- it is symbiotic with Chinese strategic interests. Present tensions highlight again how it is as much a Chinese as a North Korean defense plan. It's also a bargaining chip, the deadly variety.

"The greater danger to peace and stability in the region comes from an even more dangerous and unpredictable egoist in the White House. That really is a worry."

Oh, come. US imperial behavior is a function of its controlling elites in finance, defense and corporations rather than of the ego or caprice of its titular commanders-in-chief. Trump will serve their wishes, just like Obama, Bushes and Clintons before him. You are worrying about the bark; the fangs are concealed.

In reply to by Justin Case

Justin Case Mineshaft Gap Thu, 09/28/2017 - 20:13 Permalink

selling debt to China in return for cheap shit.Did you know that the cheap shit from China is made by merican owned corporations operating in China? Like Apple?I can easily list over 200 corporations that moved from merica to produce cheap shit for the merican consumers with borrowed money on credit cards. A lot of stupid people say China stole merican jobs. Ya, that takes the responsibility of the merican administrations people elected who are responsible or the enablers of this.The corporations moved to produce goods in the heart of the largest consumer market in the world. Four times the population of merica. China sells 3 times as many cars in China than merica. Why build cars in merica and ship, when they can build them in China?This is why things are deteriorating in merica and countries are moving away from the cadaver that still has the tubes attached to make it look like it is still alive and will recover any moment.Don't blame other countries for the stupid merican administrations you voted into power. The corporate lobby groups worked with Gov't to achieve today. They are pointing fingers at someone else.

In reply to by Mineshaft Gap