Chinese Foreign Minister Wang Yi has said, Beijing will pay the biggest price from the new United Nations sanctions against North Korea because of its close economic relationship with Pyongyang.
Speaking at a regional security forum in Manila yesterday, Wang said owing to China’s traditional economic ties with North Korea, it will mainly be China paying the price for implementing the resolution.
He said the new resolution showed China and the international community’s opposition to North Korea’s continued missile tests. Yi said in order to protect the international non-proliferation system and regional peace and stability, China will as before fully and strictly properly implement the entire contents of the relevant resolution.
The United Nations Security Council unanimously imposed new sanctions on North Korea on Saturday.The latest resolution bans North Korean exports of coal, iron, iron ore, lead, lead ore and seafood.
It also prohibits countries from increasing the numbers of North Korean labourers currently working abroad, bans new joint ventures with North Korea and any new investment in current joint ventures.