(Image from www.npr.org)
As the sanctions imposed on North Korea, via pressure on China, was able to set a slight reprieve. The latest missile test on Wednesday the 30th November of a larger 2017 version of the Hwasong-15, with a significantly longer range. With analysts saying that the missile could hit all of America and/or depending on payload weight could hit all the cities on the American West Coast. This is revved up Chinese tech now been utilized on North Korean missile systems. Very concerning. As the sanctions should now be pushed directly onto China. President Trump has suggested that the new round of sanctions are to be aimed at Chinese banks, these are investment banks and government investment entities. This would have an impact as the amount of investment outflows into Chinese/Western projects, construction or otherwise will decrease. Not such a bad thing, sans possible recessionary aspects to the construction/apartment economy. There is a glut anyway.
Anything to avoid a full scale war.
From Washington Times
“North Korea’s test of its most powerful and sophisticated ballistic missile to date has sparked a heated debate inside the Trump administration over whether to impose broad new sanctions against Chinese banks suspected of laundering money for the rogue regime now that it is seen as posing a credible nuclear threat to the U.S. mainland. With the U.N. Security Council holding yet another emergency session on the North Korean nuclear program Wednesday afternoon, the U.S. and powers across Asia scrambled to contain the fallout of the North’s successful missile test, its first in more than two months and the first since President Trump made a 12-day tour of Asian capitals to discuss how to handle Pyongyang.
While analysts and some Republican lawmakers have long called for China-focused sanctions, sources close to the White House say Mr. Trump’s top aides have advised him to tread with “extreme caution” toward such a move because of fears among Wall Street investment firms that it would trigger a harsh backlash from Beijing. “We’ve got the Goldman Sachs faction that’s still pretty strong around the president, and they say if you start sanctioning Chinese banks, there will be ripple effects and it will damage the global economy,” one source told The Washington Times on the condition of anonymity. Mr. Trump sought to strike a more optimistic note after a phone call with Chinese President Xi Jinping, whose country is North Korea’s main ally and economic partner. “Just spoke to President Xi Jinping of China concerning the latest provocative actions of North Korea,” Mr. Trump tweeted Wednesday morning. “Additional major sanctions will be imposed on North Korea today. This situation will be handled!“
Also refer to commentary re: North Korean Nuke crisis via https://chiasmusadrianglass.wordpress.com/2017/09/21/cold-war-2-update-14-north-korea-fires-long-range-missile-over-japan/