President says China’s central bank has halted business with North Korea, though China has not confirmed financial embargo

Donald Trump has issued a new executive order by which the US will target any company or institution financing trade with North Korea and claimed that China’s banking system had also shut down business with the country.

Reuters news agency reported earlier in the day that China’s central bank had ordered financial institutions to implement UN sanctions rigorously after frequent complaints from Washington that Beijing was leaving open too many loopholes.

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