Wednesday, April 06, 2016

Rumors of War - Kings of the East

China announces new North Korea sanctions -
UPI reports: "China announced it's implementing new sanctions on North Korea that could hit Pyongyang's vital trade in coal exports. Beijing's ministry of commerce announced Tuesday a list of banned North Korean imports and exports, including coal, iron, iron ore, gold, titanium and rare earth elements, Yonhap reported. This is the first official Chinese announcement of unilateral sanctions on North Korea. It follows the United Nations Security Council sanctions resolution passed on March 2, 2016."

North Korea releases video of attack on Seoul -
UPI reports: "North Korea released a video of a simulated attack on Seoul, less than two weeks after the country produced a film showing an imaginary nuclear attack on Washington, D.C."

North Korea circulating counterfeit Chinese bills -
UPI reports: "North Korea could be counterfeiting Chinese currency and the fake bills are in circulation in several Chinese cities. [...] Pyongyang is also using other illegal means, weapons and drug trafficking, to earn money in Russia and Japan, according to Phoenix. The Hong Kong television network reported North Korea also has 'world-class' counterfeiting technology capable of manufacturing U.S. dollars and Japanese yen, in addition to the yuan."

Comment: It appears that China is finally realizing that North Korea is more of a problem child than an ally. Hopefully the latest bought of tantrums from the North will end without sparking conflict.

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