CHINA TOPIX

11/02/2024 03:42:06 pm

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China Miffed over United States' Sanction on Chinese Firm for Alleged NoKor Nuclear Program Link

North Korea Nuclear Sanctions.

(Photo : getty images.) China on Tuesday said that it is upset over US decision to sanction a Chinese firm in connection with North Korea nuclear program.

China disapproved United States' decision to impose sanction over a Chinese industrial firm, Dandong Hongxiang Industrial Development Co, following an allegation that it is connected with North Korea's controversial nuclear program.

America's Treasury Department on Monday said that the Chinese company was allegedly involved in money laundering to facilitate North Korea's nuclear program. It added that it would sanction the firm including its founder, Ma Xiaohong, and other three top executives under U.S law targeting proliferators of weapons of mass destruction.   

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"I want to stress that we oppose any country enacting so-called long arm jurisdiction, using its own domestic laws against a Chinese entity or individual," Chinese Foreign Ministry spokesperson Geng Shuang said during a news briefing on Tuesday.  "We have already communicated this position to the US side."

US accused the Chinese firm, which is into the wholesale of industrial machinery and equipment, of acting on behalf of North Korean company Korea Kwangson Banking Corp (KKBC). The latter has already been placed under UN and US sanction for supporting proliferation of WMD.

China's disappointment over US' decision comes despite its assurance that it will earnestly work to implement UN sanctions against North Korea. The UN sanctions were passed in March this year and have been described by many experts as the toughest which North Korea has ever faced.        

Meanwhile, many expressed doubt over China's assurance on the implementation of UN sanctions, as the country is the closest ally of North Korea. It can be noted, though, that China's relationship with Pyongyang has been strained over the years. This is mainly because of North Korea's failure to pay heeds to China's concern over its controversial nuclear program.

Experts, however, claimed that China is mindful that over-isolation can lead to the collapse of political and economic system in North Korea, a problem that can snowball into a huge refugee concern on China-North Korea border.

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