China Goes Soft on U.S. Sanctions over North Korea, Condemns Arms Sale to Taiwan
The Chinese government appears to be reserving its ire towards the United States for its response to a recent arms sale to Taiwan, keeping its commentary limited on new U.S. Treasury sanctions against the Bank of Dandong for its ties to North Korea.
The U.S. Treasury announced Thursday that evidence shows the Bank of Dandong “acts as a conduit for illicit North Korean financial activity,” including money laundering and, as such, would be banned from the U.S. financial system.