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Chinese official warns U.S. not to use North Korea as excuse for imposing sanctions
July 6, 2017 / 10:38 AM / 3 months ago

Chinese official warns U.S. not to use North Korea as excuse for imposing sanctions

China's Vice Finance Minister Zhu Guangyao, attends a conference during the 2016 IIF G20 Conference at the financial district of Pudong in Shanghai, China, February 25, 2016. REUTERS/Aly Song/Files

BERLIN (Reuters) - China’s vice-finance minister said Beijing would implement all sanctions imposed on North Korea as a result of its missile tests, but warned the U.S. not to use them as an excuse to impose sanctions against China’s financial institutions.

“As a Security Council permanent member, China will of course implement all relevant resolutions,” he said. “But the U.S. should not use their domestic laws as excuses to levy sanctions against Chinese financial institutions.”

Speaking ahead of the G20 summit in Hamburg, Zhu Guangyao also called on leading economies to cooperate on global steel overproduction rather than engage in finger-pointing, since overcapacity could harm global growth.

Reporting by Thomas Escritt; editing by Andrew Roche

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