A portrait of Ma Xiaohong, the founder and owner of Dandong Hongxiang Industrial Development. Co., as published in a corporate publication. PHOTO: CHUN HAN WONG/THE WALL STREET JOURNAL
Reuters: China upset as U.S. sanctions firm tied to North Korea nuclear program
China said on Tuesday it was opposed to any country using its own laws to carry out "long arm jurisdiction", after the United States sanctioned a Chinese industrial machinery wholesaler tied to North Korea's nuclear program.
The U.S. Treasury said it was sanctioning Dandong Hongxiang Industrial Development Co and four of its executives, including the firm's founder, Ma Xiaohong, under U.S. regulations targeting proliferators of weapons of mass destruction.
It accused the firm of acting on behalf of North Korea's Korea Kwangson Banking Corp (KKBC), which has been under U.S. and U.N. sanctions for supporting proliferation of such weapons.
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WNU Editor: This company has deep Chinese political connections, and when the U.S. targets these "connected" firms .... the Chinese always react. I am not aware of the specific details in this case, but I suspect that before the U.S. slapped these sanctions the Chinese were informed privately on what was happening .... and to tell them to stop. The Chinese ignored these warnings .... hence the sanctions.
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