Tillerson says plans for North Korea meeting 'in the very early stages'

International markets roundup

In a call with Trump on Friday, Xi appeared to welcome the prospect of talks.

So as news of a planned sit-down between President Donald Trump and North Korean leader Kim Jong-un hit the front pages of newspapers here Saturday morning, Hojeong Shin was setting up a booth for a festival promoting peace between the divided countries.

The U.S. "maximum pressure" strategy aimed at severely restricting Pyongyang's hard currency earnings through harsh global sanctions has made China increasingly uneasy.

The comments came after the American leader said he has received encouragement from the leaders of China and Japan, and assurance that North Korea had promised not to shoot missiles in the interim, as he moves towards the high stakes summit, announced suddenly this week.

Earlier in the day, Chung met with China's top diplomat, Yang Jiechi, briefing him on the ongoing diplomatic efforts aimed at finding a breakthrough in the North Korean nuclear standoff through dialogue.

"It's important for them to give up their nuclear ambitions", Faso said of North Korea. It would also undermine the Non-Proliferation Treaty, which limits the spread of nuclear weapons and preserves China's status as one of a relatively small number of nuclear-armed states.

Zhang Liangu, a former professor of worldwide strategy at the Chinese Communist Party's Central Party School and an expert on North Korea, says that thought is divided on how much China should actively involve itself in the talks.

While the North Korean official news agency KCNA reported the visit of a South Korean delegation to the country, it did not elaborate on what was discussed.

The 22-year-old university student placed stacks of translucent neon tiles on the table in front of her, inviting the public to write their hopes for reconciliation in permanent marker and clasp them to a makeshift monument just steps from the Blue House, where South Korean President Moon Jae-in lives and works. But he says the US does expect to hear directly from Pyongyang.

Beijing's fear of being excluded and its interests harmed is already being voiced by Chinese experts. With Trump's brash nature and lack-of-tact, this may be Kim's flawless opportunity to achieve this, since Trump would love anything that seems like a win (and really, this would be a major win for the Trump administration if he were to achieve this).

Is China's credit bubble a greater risk than North Korea's open-ness?

A USA decision to withdraw from the Iran deal would thus antagonize an global community whose cooperation Washington needs to maintain - and possibly augment - economic sanctions against North Korea.

Central Intelligence Agency Director Mike Pompeo said the USA would also continue its military exercises on the Korean Peninsula, but that he expected Pyongyang to halt its nuclear and missile testing. He seemed to be signaling Seoul, Washington and Pyongyang that Beijing's contribution to peacemaking had thus far been indispensable and would continue to be essential going forward. Pyongyang would likely oppose Chinese participation in any negotiations. In recent years, the North has repeatedly tested nuclear bombs and intercontinental ballistic missiles which, it announced a few months ago, can now reach any city on the USA mainland.

Ensuring that China has a seat at the negotiating table should not be a central US objective.

Now the ball is in Trump's court, and it would be very unfortunate indeed if he were to miss the shot at achieving a lasting peace on the Korean peninsula, while at the same time possibly even declaring a formal end to the Korean War (1950-1953), a declaration never signed between the two sides.

He's suggesting China would not be an ideal place.

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