All Eyes on US and China After Korean Crisis

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Transcript by Newsy BY HARUMENDHAH HELMY You're watching multisource video world news analysis from Newsy...
Transcript by Newsy BY HARUMENDHAH HELMY You're watching multisource video world news analysis from Newsy. In the wake of North Korea’s artillery attack on a South Korean island, all eyes are on the two countries’ most important allies: the U.S. for the South, and China for the North. First, to the U.S. -- where President Obama tells ABC’s Barbara Walters the U.S. is standing by South Korea. BARBARA WALTERS: “Is an attack on South Korea an attack on the U.S.?” BARACK OBAMA: “South Korea is our ally, it has been since the Korean War. And we strongly affirm our commitment to defend South Korea as part of that alliance.” So far, the U.S. has sent this aircraft carrier, the USS George Washington, to the Yellow Sea for a joint military exercise with the South Koreans. But, the Navy says, that exercise had been planned before the attack even occurred. (Video: RT) Analysts have speculated the North is trying to push the U.S. back into diplomatic talks. The Washington Post says, the U.S. doesn’t have many response options. “If [U.S.] declines to hold talks … Pyongyang could escalate with more artillery barrages... if the Obama administration is pulled into talks with the North Koreans, it won't be able to escape the appearance that it is caving in the face of pressure. And even if talks do resume, there is no guarantee that North Korea won't continue the provocations and attacks.“ And China? Bloomberg spoke to an analyst who says, China isn’t likely to respond at all. DON STRSZHEIM: “Betty, I think China will do what they have done in so many of these past incidents ... They’re not likely to act. They don’t have any more information than most of, the rest of us do, in terms of fixing blame on either side of this event. Um, they’re not going to be a proactive player in this.” Still, the international community is pressing China to take a harder stance against North Korea. But Voice of America spoke to a Korean Studies professor in Shanghai who says -- it’s not that easy for China. “[He] says in reality China is not happy with all of North Korea's actions, but [it] supports North Korea because it is especially aware of the strengthened alliance between the United States and South Korea. ... the limits to its patience may only be reached when North Korean actions threaten Chinese interests.” Financial Times notes some of China’s stakes in the stability of the Korean Peninsula. “Analysts say the prospect of North Korea collapsing has forced China to maintain its support for Kim Jong-il … Beijing fears a potential flood of refugees across the 800km Sino-Korean border if the North collapsed, as well as the prospect of US troops stationed along the border if the Koreas were unified.” Get more multisource world video news analysis from Newsy.