US Bargains With China Over Banks, North Korea
It’s a trade off. In an attempt to get Beijing to curb North Korea’s access to trade, President Trump’s administration has threatened to target Chinese banks if they do any business with the Hermit Kingdom. China’s central bank had already directed commercial and state-owned financial enterprises to comply with new U.N. sanctions, with North Koreans blocked from opening accounts or withdrawing money. But analysts say Beijing likely hopes to keep some measures in reserve to allow leverage on Pyongyang should its nuclear tests, and international tensions, escalate again.