Latest reports indicated that China is very willing to pay the price for the new sanctions imposed by the United Nations against North Korea. This is because China has close economic relations with North Korea while the communist country also assured that it will always enforce and implement the resolutions.

A report from Reuters claimed that United Nations just imposed new sanctions on North Korea last Saturday through a unanimous vote. The said sanction is expected to cut the country's $3 billion annual export revenue by perhaps a third.

As Chinese Foreign Minister Wang Yi said spoke at a regional security forum in Manila, Philippines on Monday, he mentioned that China is really willing to impose stricter sanctions against North Korea. China's willingness only showed the strong opposition of the country as well as other international communities to the continued missile tests of North Korea.

The new sanction reportedly would indicate China paying the price for implementing the resolution knowing the traditional economic ties with the communist country with North Korea. But China will also make it sure that the international non-proliferation system and regional stability and peace will always be protected. That's why the country is looking forward to strictly and properly implement the whole contents of the resolution.

According to Jerusalem Post, even if China said that it is willing to pay the price as a result of the enforcement of tough U.N. resolutions on North Korea, still the country is reminded that its normal trade and ordinary Koreans should not be affected in any way. Aside from the said new sanction, Wang also mentioned that the resolution also included a stalled dialogue between North Korea and Russia and Japan.

In the said resolution, the exports of iron ore, lead, seafood, lead ore, iron, and coal in North Korea is banned. In addition, this sanction also prohibits other countries from increasing the numbers of North Korean laborers who are working abroad and lastly, banning of new business joint ventures with North Korea. But despite these measures, the United States guaranteed that it is not seeking to change North Korea's regime.