China's December trade with North Korea falls 50 percent

China criticizes Vancouver meeting

The United States on Friday hailed the reduction of trade between China and North Korea, saying it supports global efforts to end the North's nuclear and ballistic missile programs.

Japan has also reportedly criticized the meeting.

In 2017 as a whole, China's overall trade with North Korea declined by more than 10 percent to about $5 billion, as U.S. President Donald Trump secured Beijing's backing for four escalating rounds of sanctions.

Beijing will not attend an worldwide meeting of foreign ministers in Canada to discuss North Korea, Reuters said, citing China's Foreign Ministry.

While the US may see that as a positive development, China posted a trade surplus with the country past year that climbed 10% to a record $275.8B.

KAR Auction Services (KAR) Receiving Favorable Press Coverage, Study Shows
Ws Management Lllp decreased Range Res Corp (Call) (NYSE:RRC) stake by 1.54M shares to 100,000 valued at $1.96 million in 2017Q3. After $-0.07 actual EPS reported by Pegasystems, Inc. for the previous quarter, Wall Street now forecasts -171.43% EPS growth.

Brian Hook, the State Department's policy director, said that the US believes that its diplomatic pressure campaign is the best way to force North Korea to the negotiating table, and that maritime interdiction will help to crack down on smuggling and sanctions-busting. "They are doing a better job of implementing the U.N. Security Council resolutions".

The United States and Canada will host a meeting in Vancouver on Tuesday on the nuclear standoff with North Korea.

Amid the unprecedented escalation of the tensions on the Korean Peninsula since summer, Russian Federation and China proposed the so-called double freeze plan: with North Korea, on one hand, halting its nuclear and missile programs, while its neighbors, on the other hand, would refrain from holding joint drills with the United States in the region. The official said Canada never got to the "juncture" of inviting China to the actual summit because there was an awareness that Chinese views on the way to move forward are different than those in North America.

After months of soaring tensions, North Korea agreed this week to send athletes to the Winter Olympics in South Korea, in what was seen as a potential sign of a cooling-off period.

Following the first intra-Korean talks, the two sides had agreed to hold talks on January 20, hosted by the International Olympic Committee (IOC).

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