Beijing is quickly recognizing they have painted themselves into an economic corner. Beijing enables the DPRK.  President Trump specifically targets this reality as the solution to North Korea’s aggression: ¹Beijing tells DPRK to do stupid thing.  ²DPRK does stupid thing.  ³Trump hits Xi Jinping with economic punishment for stupid thing.
In an effort to keep the panda mask as the primary focus of the international (investment) community; and facing another set of financial sanctions by President Trump and Secretary Mnuchin; and after President Trump explains to Xi Jinping that unrelenting  economic pressure will only get worse; Beijing tells Chinese banks to cut off financial relationships with North Korea.
BEIJING/HONG KONG (Reuters) – China’s central bank has told banks to strictly implement United Nations sanctions against North Korea, four sources told Reuters, amid U.S. concerns that Beijing has not been tough enough over Pyongyang’s repeated nuclear tests.
Tensions between the United States and North Korea have ratcheted up after the sixth and most powerful nuclear test conducted by Pyongyang on Sept. 3 prompted the United Nations Security Council to impose further sanctions last week.
Chinese banks have come under scrutiny for their role as a conduit for funds flowing to and from China’s increasingly isolated neighbor.
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