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China-Japan-Koreas
Bank of China halts remittances to N. Korea
2006-10-17
BEIJING, Oct. 17 KYODO: The Bank of China, one of China's big four state-owned commercial banks, has halted remittances of funds to North Korea from at least some of its branches since Monday, bank officials said Tuesday.

The move comes just over a week after North Korea announced it carried out an underground nuclear test, which led the U.N. Security Council to pass a resolution Saturday that paves the way for economic and diplomatic sanctions against the country. China, North Korea's traditional ally and main aid benefactor, also supported the resolution.
Posted by:Steve White

#7  China could end their ambitions tomorrow if they wanted. North Korea gets most if not all of its electricity from the PRC. If they cut off the juice things get awful quiet in the hermit kingdom. Also I will think China is serious when ALL the PRC banks stop doing business with North Korea.
Posted by: Cyber Sarge   2006-10-17 19:19  

#6  One of four major state owned banks? At least some of its branches? No mention of what a pathetic effort this is by the Chinese. This article is a complete piece of crap. Modern journalism at work.
Posted by: Mike N.   2006-10-17 10:59  

#5  lol Frank! I guess they left the part out where the remittances from other banks increased by the same amount.
Posted by: anon   2006-10-17 10:43  

#4  from at least some of its branches since Monday,

that doesn't even qualify as "half-assed"...
Posted by: Frank G   2006-10-17 08:23  

#3  Yep. Impressive show. Doesn't cost the Chinees much to amaze and impress the occidental barbarians.
Posted by: Shipman   2006-10-17 07:18  

#2  Wow, China's actually getting serious.
Posted by: gromky   2006-10-17 04:38  

#1  Ya gotta admit, they're working up a fine multi-threaded soap... and collection of alibis.
Posted by: .com   2006-10-17 00:59  

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