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China Slams "Wrong" US Sanctions Against North Korea-Linked Trading Firms

China Slams "Wrong" US Sanctions Against North Korea-Linked Trading Firms

A day after China’s state-run airline closed its last remaining routes to North Korea – a decision the airline’s executives blamed on a sharp decline in business travelers due to restrictive UN Security Council sanctions – Communist Party spokespeople slammed new US sanctions targeting Chinese traders doing business with North Korean businessmen, calling them “wrong” while reminding the US that China has vigorously enforced the UN sanctions.

Isolation Escalates As Chinese Airline Ends Flights To North Korea

Isolation Escalates As Chinese Airline Ends Flights To North Korea

It's barely been a day since President Donald Trump revealed that the US would once again label North Korea a state sponsor of terrorism and impose broad new sanctions against its government and senior officials, and already more bad news for the restive communist state has emerged. This time, the Associated Press is reporting that Air China, a state owned airline, is canceling flights to North Korea, leaving the North's troubled Air Koryo as the only airline operating flights between North Korea and its primary economic benefactor.

Michael Pettis: China's Growth Miracle Has Run Out Of Steam

Michael Pettis: China's Growth Miracle Has Run Out Of Steam

Authored by Michael Pettis, op-ed via The Financial Times,

Beijing must reveal the true level of GDP and wasted investment...

China’s 19th Communist party congress ended last month with an indication that Xi Jinping’s new administration plans to rein in debt by abandoning the country’s long-term economic targets and allowing gross domestic product growth to fall.

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