EghtesadOnline: Iowa Governor Terry Branstad , President Donald Trump’s nominee for U.S. ambassador to China, said there “may well be” a role for sanctions to punish Chinese companies that do business with North Korea in defiance of United Nations Security Council resolutions.

EghtesadOnline: China said on Wednesday the governor of the U.S. state of Iowa, Terry Branstad , was an "old friend" after a report that he had accepted President-elect Donald Trump's offer to become the next U.S. ambassador to China.