25 September, 2017
"If China completely cuts off the supply of oil to North Korea or even closes the China-North Korea border, it is uncertain whether we can deter Pyongyang from conducting further nuclear tests and missile launches", it said.
Officials said, textiles are one of the last major sources of revenue following sanctions on other resources by the UN Security Council.
China is limiting its oil exports to North Korea to comply with new sanctions imposed by the UN Security Council last week, which include fuel import restrictions.
China is to limit the export of refined oil products and totally ban exports of liquefied natural gas and gas condensate to North Korea, as well as textile imports from that country, the Ministry of Commerce has announced.
The news agency observed that considering the account freeze is certain to deal a great blow to the North Korean economy, China may have shifted to a policy of stronger pressure on the North as the regime continues its missile and nuclear development despite Beijing's call for restraint.
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Refined oil exports to North Korea from all United Nations members is capped at 500,000 barrels from October 1 to the end of the year and two million barrels annually from January 1, 2018.
The new United Nations resolution requires exports of petroleum products to the North be limited to 500,000 barrels or 60,000 tons, from October 1 to December 31 and 2 million barrels or 240,000 tons per year starting January 1. The US and North Korean leaders Donald Trump and Kim Jong-un have been embroiled in a war of words, exchanging threats and insults. It will also ban imports of textiles from North Korea.
North Korea has launched dozens of missiles under Kim Jong Un's leadership as it accelerates a weapons program created to give it the ability to target the United States with a powerful, nuclear-tipped missile. Trump, speaking during the U.N. General Assembly, called Kim "Rocket Man", and Kim threatened in a video to "tame the mentally deranged USA dotard with fire".
President Donald Trump has put China at the forefront of USA efforts to rein in North Korea's nuclear program.
North Korea's foreign minister, Ri Yong Ho, said Thursday that the country could soon test a hydrogen bomb over the Pacific Ocean.