Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

Wall Street gets Fed reality check
Wall Street gets Fed reality check - 01:51
Reuters Today: Spanish yields seen rising at auction
Reuters Today: Spanish yields seen rising at auction - 06:21
Surprise services boost points to UK recovery
Surprise services boost points to UK recovery - 02:54
Breakingviews: Do as I say, not as I do – German wages
Breakingviews: Do as I say, not as I do – German wages - 05:04
Market Pulse: Spain under fire as investors shun bond sale
Market Pulse: Spain under fire as investors shun bond sale - 03:28
Myanmar's Kyat begins managed float
Myanmar's Kyat begins managed float - 01:59
ASEAN: territorial code of conduct draft by year-end
ASEAN: territorial code of conduct draft by year-end - 01:48
U.S. Morning Call: Stock futures down, JPMorgan to be fined
U.S. Morning Call: Stock futures down, JPMorgan to be fined - 02:08
EMEA Day Ahead:: Thursday
EMEA Day Ahead:: Thursday - 03:13
3XSQ: Customer funds in question; royal return
3XSQ: Customer funds in question; royal return - 05:44
Still cashing in? Hirst retrospective
Still cashing in? Hirst retrospective - 02:32
World's biggest car delivery center
World's biggest car delivery center - 02:41
FACTBOX: Titanic the movie sails again
FACTBOX: Titanic the movie sails again - 02:20
Trading at Noon: Wall St. down on lost hope for stimulus
Trading at Noon: Wall St. down on lost hope for stimulus - 02:48
Draghi holds rates, offers caution
Draghi holds rates, offers caution - 01:50
Breakingviews: Gun bubble redux
Breakingviews: Gun bubble redux - 02:51
Yahoo cuts 2,000 jobs
Yahoo cuts 2,000 jobs - 01:15
Easter egg panic in eastern Europe
Easter egg panic in eastern Europe - 01:28
Wealth Strategies: Equity rally has 3 years left in cycle
Wealth Strategies: Equity rally has 3 years left in cycle - 06:05
Congressional insider trading ban
Congressional insider trading ban - 01:17
Gas prices no detour for car buyers
Gas prices no detour for car buyers - 02:13
Demand for fuel-efficient cars will outlast spike in gas prices
Demand for fuel-efficient cars will outlast spike in gas prices - 02:36
Most engines of growth are in emerging markets : Nissan CEO
Most engines of growth are in emerging markets : Nissan CEO - 05:39
U.S. Day Ahead: GAP set to shine with same store sales
U.S. Day Ahead: GAP set to shine with same store sales - 01:59

China says North Korea trade up, despite U.S. pressure

Thursday, July 13, 2017 - 01:23

China's trade with isolated North Korea rose more than 10 percent in the January-June period from a year earlier, a Chinese official says, amid pressure from the United States for Beijing to do more to rein in its former ally. Samantha Vadas reports.

▲ Hide Transcript

▶ View Transcript

As U.S. pressure mounts on China over North Korea, Beijing said on Thursday (July 13) that trade with Pyongyang is on the up, jumping more than 10 percent in the first half of the year from 2016. It comes just a week after Donald Trump slammed China on Twitter, pointing at a much larger 40 percent jump earlier this year. He seemed to want to highlight its failure to counter the threat from the North, but Beijing says it's doing exactly what its supposed to be doing. While China's imports from the North were down, exports jumped - driven largely by textile goods that China says aren't included in the U.N.'s bans. Beijing has been on a rhetorical drive this week, pushing back against the U.S. and what China sees as constant harping on about not doing more to rein in the North. "Recently, certain people, talking about the Korean peninsula nuclear issue, have been exaggerating and giving prominence to the so-called 'China responsibility theory. I think this either shows lack of a full, correct knowledge of the issue, or there are ulterior motives for it, trying to shift responsibility," said the Chinese Foreign Ministry spokesperson. While China has been angered by North Korea's repeated missile tests, it also points the finger at the U.S. and South Korea for making matters worse with their military exercises and not getting talks back on track.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

China says North Korea trade up, despite U.S. pressure

Thursday, July 13, 2017 - 01:23