China warns Trump over North Korea: 'Don't stab us in the back'
- Author: Rogelio Becker Aug 01, 2017,
Aug 01, 2017, 22:48
The U.S. president stressed that his administration will be able to take care of the North and can handle the situation.
With the USA focusing on North Korea's key ally China to bring change in the regime, key US officials are already discussing different scenarios to deal with the crisis.
"Despite China's big trade surplus with the United States, he continued in a second tweet, saying, 'they do NOTHING for us with North Korea, just talk".
Senator John Cornyn, a Republican on the Senate Intelligence Committee, was unconvinced that CFIUS was the right tool. Reports indicate that over 90 percent of North Korea's foreign trade is with China and 95 percent of its foreign direct investment comes from China.
"Our foolish past leaders have allowed them to make hundreds of billions of dollars a year in trade, yet... they do nothing for us with North Korea". "I think it's going to look a lot different than it does now". The reported recent tightening of China's outbound foreign direct investment (OFDI) controls in tandem with state funding for OFDI in many sectors indicate that major foreign investments in the US from China are increasingly tied to state interests.
Chinese Ambassador to the United Nations Liu Jieyi said Monday that it is up to the US and North Korea to solve the problems, not China.
While China worries about North Korea's nuclear and missile programs, and the US reaction to them, its overriding concern, USA officials say, is to avoid a North Korean collapse, which could send millions of refugees fleeing toward China and lead to a reunified Korea allied with Washington.
The top Democrat in the U.S. Senate, Chuck Schumer, called on President Donald Trump Tuesday to block some Chinese investments in the United States in an effort to pressure China "to help rein in North Korea's threatening and destabilizing behavior".
Schumer's plan to prohibit CFIUS from approving Chinese deals would be technically legal but would stretch the mandate of CFIUS, which is supposed to stop mergers or stock buys that pose a threat to national security, according to two CFIUS experts.
But the Chinese government argues that North Korea won't back down and return to negotiations over its weapons programs unless the United States and its northeast Asian allies, South Korea and Japan, take conciliatory steps.