China urges US to immediately stop blockade, sanctions against Cuba

China on Tuesday called on the United States to immediately cease its blockade of and pressure on Cuba and end all unilateral sanctions against the country.

The United Nations General Assembly opened its annual debate on the draft resolution entitled "Necessity of ending the economic, commercial and financial embargo imposed by the United States of America against Cuba". Fu said the United States' illegal economic blockade and unilateral economic sanctions against Cuba had lasted for more than 60 years and continued to intensify.

The General Assembly had discussed the issue for 34 times since 1992, yet the relevant resolutions remained unimplemented, he said.

Fu said China will vote in favor of resolutions condemning the U.S. anti-Cuba actions.

"Today, standing at the solemn podium of the United Nations, China once again firmly demands that the United States immediately cease its blockade of and pressure on Cuba. There is no justification for the continuation of the 64 years of illegal, unilateral sanctions. There is no reason for 34 years' calls for justice to be set aside any longer. The resolution calling for an end to the U.S. economic, commercial, and financial embargo against Cuba must be implemented immediately. Based on this position, China will once again cast a resolute vote in favor of the draft resolution submitted by Cuba urging the United States to end its economic, commercial and financial embargo against Cuba," said Fu.

Fu further pointed out that Cuba's future must be determined independently by the Cuban people. No country has the right to impose sanctions or military threats upon Cuba, or to exert pressure through the abuse of judicial processes.

Noting that unilateral sanctions imposed without the authorization of the UN Security Council have no basis in international law, Fu said the international community should work collectively to remove Cuba from the "state sponsors of terrorism" list and uphold the international system with the United Nations at its core and the international order based on international law.

China urges US to immediately stop blockade, sanctions against Cuba

China urges US to immediately stop blockade, sanctions against Cuba

China urges US to immediately stop blockade, sanctions against Cuba

China urges US to immediately stop blockade, sanctions against Cuba

China urges US to immediately stop blockade, sanctions against Cuba

Foreign currency deposits in the Republic of Korea broke previous records for a third straight month, propelled by a sharp increase in U.S. dollar holdings from large corporations, securities firms and public enterprises, central bank data showed Wednesday.

Outstanding foreign currency deposits, held by residents, jumped 14.09 billion U.S. dollars from a month earlier to 154.71 billion dollars at the end of September, according to the Bank of Korea.

It marked the highest since the central bank started compiling the data in June 2012, extending its record-breaking streak that began in July.

The U.S. dollar-denominated deposits spiked 12.99 billion dollars to 132.90 billion dollars, smashing previous records for a fourth consecutive month.

It was driven by large corporations receiving trade payments, inflows of investor deposits from securities firms, and foreign-currency bond issuance funds raised by public enterprises.

Japanese yen deposits climbed 0.55 billion dollars to 9.49 billion dollars, and euro-denominated deposits grew 0.37 billion dollars to 9.53 billion dollars.

Corporate deposits expanded 13.11 billion dollars to 136.60 billion dollars, hitting a record high for three successive months, while individual deposits added 0.98 billion dollars to 18.11 billion dollars.

ROK foreign currency deposits break records for 3rd month in September