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US considers sanctions on Chinese companies over North Korea

The US is considering adopting sanctions against Chinese firms for the nation’s failure to take a harder stance on North Korea, reports ABC news.

The timing and scope of the sanctions would depend on how China responds to calls for tougher steps against North Korea.

US officials are set to meet Chinese officials for a high-level economic dialogue in Washington on Wednesday according to US officials.

The sanctions being considered would seek to apply economic pressure on businesses and companies in countries with ties to North Korea by denying them access to the US market and financial system.