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The Editors

China's Welcome Action Against North Korea

Tougher sanctions can at least slow Pyongyang's nuclear progress.
North Korean cargo will be stranded.

North Korean cargo will be stranded.

Photographer: AFP/Getty Images

The new sanctions that China has reportedly agreed to impose on North Korea are truly a “major upgrade” to existing penalties, as American diplomats say. To make sure they are ultimately effective, however, it’s important to appreciate their limitations.

Sanctions: Financial Warfare