France, and the European “populist wave”, may be fixed for now, but geopolitical concerns remain as was made clear last night when during a phone call late on Sunday between Chinese President Xi Jinping and Donald Trump, the North Korean neighbor called for all sides to “exercise restraint” as Japan conducted exercises with a U. S. aircraft carrier strike group headed for Korean waters. China, which has repeatedly called for the de-nuclearization of the Korean peninsula, is “increasingly worried” the situation could spin out of control, leading to war and a chaotic collapse of North Korea, something we cautioned over two months ago.
Xi told Trump on the phone that China resolutely opposed any actions that ran counter to U. N. Security Council resolutions, the Chinese foreign ministry said quoted by Reuters. China “hopes that all relevant sides exercise restraint, and avoid doing anything to worsen the tense situation on the peninsula”, the ministry said in a statement, paraphrasing Xi. The nuclear issue could only be resolved quickly with all relevant countries pulling in the same direction, and China was willing to work with all parties, including the United States, to ensure peace, Xi said.
A potential risk catalyst is just hours away: North Korea prepares to celebrate the 85th anniversary of the foundation of its Korean People’s Army on Tuesday. It has marked similar events in the past with nuclear tests or missile launches.
This post was published at Zero Hedge on Apr 24, 2017.
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