China opposes U.S. sanctions on Chinese banks, firms

Source
Xinhuanet
Editor
Zhang Tao
Time
2017-07-14

BEIJING, July 14 (Xinhua) -- China on Friday expressed protest to the United States for imposing unilateral sanctions on foreign enterprises outside the framework of the UN Security Council.

"China has fully and completely implemented relevant UN resolutions on the Democratic People's Republic of Korea (DPRK)," said Foreign Ministry spokesperson Geng Shuang, adding that China opposes so-called "long-arm jurisdiction" by any country in accordance with their domestic law.

Geng made the remarks in response to a Reuters report, which quoted two U.S. officials as saying the Trump administration will impose new sanctions on small Chinese banks and other firms doing business with Pyongyang within weeks.

"I do not know if the report was true, nor if the U.S. officials were authorized to make such comments," Geng said at a routine press briefing.

He said China has made unremitting efforts in solving the Korean Peninsula nuclear issue, participated in consultations on UN Security Council draft resolutions on the DPRK, and supported the approval of relevant resolutions.

Geng urged parties concerned to meet each other halfway and make joint efforts to bring the Korean Peninsula nuclear issue back to the correct track of peaceful settlement.

"What China has implemented is resolutions of the UN Security Council, rather than any country's domestic laws," he added.

 

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