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                     China Moves Against Key N.Korean Bank

   China is closing key accounts with North Korea`s main foreign exchange
   bank, the latest sign of China`s growing displeasure with Pyongyang.
   The state-run Bank of China says it is halting all transactions and
   shutting down its account with North Korea`s Foreign Trade Bank. A Bank
   of China spokeswoman did not disclose additional details.
   China`s move is its first public action against Pyongyang following
   international condemnation of North Korea`s latest round of
   saber-rattling.
   China is North Korea`s biggest trading partner and is considered to be
   Pyongyang`s economic lifeline. It is not clear how much of that trade
   will be affected by the move.
   The U.S. Treasury imposed sanctions on North Korea`s Foreign Trade Bank
   in March, following another round of U.N. sanctions. The United States
   says the Foreign Trade bank is a key player in helping Pyongyang fund
   its nuclear and ballistic missile programs.
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   [1]http://www.voanews.com/content/china-moves-against-key-nkorean-bank/
   1656174.html

References

   1. http://www.voanews.com/content/china-moves-against-key-nkorean-bank/1656174.html