Space Industry and Business News  
NUKEWARS
China opposes US indictment of firm tied to N.Korea nukes
by Staff Writers
Beijing (AFP) Sept 27, 2016


China said Tuesday it opposes a US decision to bring criminal charges against a Chinese firm and executives for their alleged role in supporting North Korea's nuclear weapons programme.

"We would like to stress we oppose any country carrying out so-called 'long-arm jurisdiction' over a Chinese entity or individual in accordance with its own domestic laws," said foreign ministry spokesman Geng Shuang.

Beijing has expressed its position directly to the US in recent communications, he added during a regular briefing.

On Monday the US Justice Department announced criminal charges against the Dandong Hongxiang Industrial Development company and four Chinese nationals for conspiring to evade US sanctions on North Korea, violating US regulations against support for "weapons of mass destruction proliferators", and money-laundering.

In parallel the Treasury added the company and the four individuals to a sanctions blacklist, making them ineligible to do business with American individuals or companies, particularly financial firms.

The move follows an earlier announcement by Chinese authorities that they were investigating the company, located in the city of Dandong on the border with North Korea.

Geng said Beijing would "seriously punish any illegal activities by companies or individuals, once discovered".

He added that China was willing to cooperate with other countries, if needed, on the basis of "mutual respect and equal treatment." He also stressed that China opposes Pyongyang's nuclear programme and has been "faithfully observing" its commitment to UN sanctions.

However, customs data released Monday showed China's imports of North Korean coal have surged 60 percent since the latest sanctions went into effect in April, reaching nearly 2.5 million tonnes valued at $113 million.

Dandong Hongxiang logged more than $530 million in two-way trade with North Korea between 2011 and 2015, according to a recent report by the Asan Institute for Policy Studies in Seoul and C4ADS in Washington.

That could have been enough to fund North Korea's uranium enrichment facilities, and to design, make, and test its nuclear weapons, the report said.

The North carried out its fifth and most powerful atomic weapons test this month, sparking moves to impose even tougher sanctions.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Learn about nuclear weapons doctrine and defense at SpaceWar.com
Learn about missile defense at SpaceWar.com
All about missiles at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
NUKEWARS
China's N. Korea coal imports surge despite sanctions: data
Beijing (AFP) Sept 26, 2016
China's coal imports from North Korea have surged in recent months, government data showed Monday, raising questions about Beijing's commitment to international sanctions intended to curb Pyongyang's nuclear programme. As the isolated country's sole ally and main provider of trade and aid, Beijing's participation in the UN-imposed restrictions is crucial for their success. But in August ... read more


NUKEWARS
Raytheon to begin production planning for AN/TPY-2 radars

Digital photography: The future of small-scale manufacturing

Indonesian scavengers scrape a living by recycling

Levitating nanoparticle improves torque sensing in quest for quantum theory fundamentals

NUKEWARS
SES unveils new tactical surveillance and communications solution

Newest DARPA Challenge: 'Shift Paradigm' With Robot Radio

SES Government solutions to provide the US with a high performance network

The sky's no limit for young space professionals

NUKEWARS
Launch of Atlas V Rocket With WorldView-4 Satellite Postponed Till October

Rocket agreement marks countdown to New Zealand's first space launch

Parallel launch preparations put Ariane 5 on track for next launch

Vega orbits "eyes in the skies" on its latest success

NUKEWARS
SMC exercises contract options to procure two additional GPS III satellites

Lockheed gets $395 million GPS III Space Vehicle contract modification

2 SOPS bids farewell to miracle satellite

China issues development plan for geoinformation industry

NUKEWARS
Inquiry says MH17 shot down by missile brought into Ukraine from Russia

Air transport sector at climate juncture

EU 'cautiously optimistic' on global pact to curb aviation emissions

Bell contracted to supply helicopters to Uganda, Kenya

NUKEWARS
Integrating graphene, reduced graphene oxide onto silicon chips at room temperature

Semiconducting inorganic double helix

One-pot synthesis towards sulfur-based organic semiconductors

Seeing energized light-active molecules proves quick work for Argonne scientists

NUKEWARS
New partnership with DigitalGlobe advances research innovation locally, worldwide

Vega to launch ESA's wind mission

METimage: New Weather Data Every 1.7 seconds

Rezatec to develop the use of satellite data in evaluating plant health in UK

NUKEWARS
Ocean records show leaded fuel emissions on the decline

Over 90% of world breathing bad air: WHO

China ship owners pay up for Australia reef disaster

Southeat Asian haze crisis killed over 100,000: study









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.