China Moves Against Key N.Korean Bank

China is closing key accounts with North Korea’s main foreign exchange bank, the latest sign of China’s growing displeasure with Pyongyang.

The state-run Bank of China says it is halting all transactions and shutting down its account with North Korea’s Foreign Trade Bank. A Bank of China spokeswoman did not disclose additional details.

China’s move is its first public action against Pyongyang following international condemnation of North Korea’s latest round of … [Read More]

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Source: VOA News: Economy and Finance


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