U.S. indicates more Chinese firms being probed for North Korea sanctions breaches

The coordinator for U.S. sanctions policy indicated on Wednesday that more Chinese firms were under U.S. investigation for suspected breaches of sanctions on North Korea and Chinese banks and firms should understand that dealing with North Korea was "risky." Asked at a congressional hearing if other Chinese firms were under investigation after the United States imposed sanctions on a Chinese industrial machinery wholesale firm on Monday, Daniel Fried, coordinator for sanctions policy at the U.S. State Department, said he "wouldn't argue" with the suggestion. 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 Dandong Hongxiang Industrial Development Co and four of its executives under U.S. regulations targeting proliferators of weapons of mass destruction.

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