Six party talks: Economics prompts China promote peace on Korean Peninsula

China has a vested financial interest in preserving peace between North and South Korea and it is rooted in economics. Trade interests in the region reach farther than China and the Korea’s; Japan, Russia and the United States also rely on their Asian partners to keep imports and exports moving. At a time when world economies are still struggling through recession, disruption of trade through war or United Nations imposed sanctions on North and South Korea can only worsen fragile recoveries.

As one of America’s most important trading partners, China has stepping in to propose an emergency meeting among six nations, who’s economies rely on uninterrupted trade with the Korea’s. The six-party talks will include; Japan, Russia, North and South Korea, China, and the United States.

In addition to stabilizing tensions between North and South Korea, the six-party talks will address, “advancing denuclearization on the peninsula and safeguarding peace and stability on the peninsula and in northeast Asia,” according to a CNN report.

Economically, China cannot survive without the United States, Russia, Japan and the Korea’s. The same holds true in the reverse. We are living in a time when international trade is so intertwined, more than one nation can be severely hurt by the disruption of another. And if one falls, the others know they will follow.

US military exercises with South Korea could provoke war

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Military exercises between the United States and South Korea were scheduled for last July, but they were postponed to this weekend. However, the timing of the new drills could not be worse. The artillery exchange on Monday that rocked the tense peace between North and South Korea was ignited by military training on Yeonpyeong Island, about 8 miles from the North Korean shore. Under threats of more attacks from both sides, additional military exercises, especially those including the United States could push the Korean Peninsula to the brink of war.

“North Korea’s state-run news agency lashed out at South Korean and American plans to hold a joint training exercise on Sunday in Yellow Sea waters near the island,” according to the New York Times. “The situation on the Korean Peninsula is inching closer to the brink of war due to the reckless plan of those trigger-happy elements to stage war exercises targeted against” the North, the dispatch warned.”

The last war between North and South Korea, (1950 and 1953), was the result of an ally imposed division of the peninsula along the 38^th parallel, following the surrender of Japan in World War II. The Korean War, technically called a police action by the United States, also formed a political line between the ideological values of the East and West during the birth of the Cold War between the United States and the former Soviet Union. The Korea’s have had tense relations ever since.

  

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War games: North Korea blames U.S. for artillery exchange with South Korea

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Within hours of President Obama’s affirmation of support for long-time ally South Korea, the North Korean state media agency issued a statement claiming that the artillery exchange between the Korea's on Monday were sparked by the United States. According to an MSNBC report, the North Korean’s said, “Washington should thoroughly control South Korea to ensure they won't continue adventurous military provocations."

South Korea had been conducting military exercises on Yeonpyeong Island off the coast of North Korea prior to the artillery exchange that killed four, wounded more than a dozen others, and set civilian homes ablaze. However, the North Korean response came several hours after the exercises had ended, prompting claims by South Korea that the attack was premeditated and had little to do with the military training.

“The North has threatened further military action if South Korea continues on what it called a "path of military provocation", the North's official KCNA news agency reported,” according to the BBC. “After holding an emergency cabinet meeting, South Korea announced it would dramatically increase its troop levels and overhaul the way it acts in the face of threats from the North.”

The Obama Administration has been trying to defuse the tension between the Korea’s through diplomatic channels and has publicly suggested that influence from China is a crucial ingredient in successful of diplomacy.

China has been supportive of diplomatic measures to calm the situation, but Chinese Premier Wen Jiabao has not send any signs of encouragement on diffusing threats of further escalation, calling the situation "grim." 

Despite international condemnation of the artillery exchange between North and South Korea, tensions are heating up as both nations continue to boast about their military might and shoot escalating threats at each other.

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