China has economic tools to boost North Korea, but fears the government’s pressure Kim Jong to solve it.
Although China has long been the main trading partner and diplomatic patron of North Korea, Chinese leaders have abandoned Kim’s nuclear tests and missile tests, which sanctioned last month’s sanctions, which reduced revenues of North Korea from coal and iron ore sales. President Donald Trump and others have asked China to use their influence to do more to prevent nuclear development in the country.
But Chinese leaders are worried about the instability of the Korean peninsula if Kim regurgitates, which will eliminate the buffer between China and South Korea, an American ally armed with American soldiers in his field. Some of the options that China uses or could and why other options are unlikely.
Beijing stopped importing coal into North Korea in February and denied the Kim government of the largest source of import income. The controls, which came into force on Tuesday, under the UN sanctions, adopted on August 4, have banned coal and at least import of iron and lead from minerals and shells. North Korean companies operating in China are also prohibited from introducing new companies that could generate additional revenue.
Trade to make effects
Oil is the strongest weapon in Beijing. China accounts for 90 percent of North supply. The oil expedition was suspended for three days in 2003 to express its anger in China after testing the missiles in North Korea. “The implementation of this river would likely have a direct and costly effect on the North Korean economy,” Eurasia Group said in a report. However, such a painful measure could disrupt relations and exclude any influence that Peking had on Pyongyang, according to the South Korean Institute of Myong-hyun Go, Asan. Beijing also has the possibility to prohibit imports of clothing in North Korea, the main source of export revenue. It breaks down Chinese companies that are part of the supply chain and export industry of North Korea; Chinese leaders want to have the impatience to make this country more advanced and stable.