US President Donald Trump has repeatedly warned of a military scenario for North Korea, and recently included the country on the list of state sponsors of terrorism, paving the way for more sanctions.
The test-fired missile is a Hwasong-15 that is an updated version of an earlier missile, which suggests North Korea has improved its ability to strike the US mainland with a nuclear-tipped missile, 38 North, a website that monitors and analyzes North Korea, reported after the launch.
"That said, I fully support the position of our president and the Foreign Ministry on the issue".
The U.S. has for months insisted that more radical measures be taken against the North Korean regime, but Beijing has been reluctant to step up the pressure too much, wary of bringing a refugee crisis on its own head in case of an open military conflict in the region.
Earlier this week, North Korea tested Hwasong-15, another Inter-Continental Ballistic Missile (ICBM), putting the United States mainland within the firing range.
However, the state-owned media outlet did not mention whether China had agreed to Trump's request regarding the oil.
While Haley claimed that an oil embargo against North Korea would be a "pivotal step in the world's efforts to stop this worldwide pariah", China has indicated that it would not support such a policy, and analysts have warned that it would only harm the North Korean people.
One option for North Korean partners of joint ventures in China is to sell out ahead of when sanctions take effect in January.
China and Russian Federation objected to that idea in the latest United Nations sanctions resolution. The Chinese may have some influence over a neighbour and major trading partner, but not to the extent of reining in its warring ambitions.
An editorial in the China Daily argued that the latest test may have been prompted by the Trump administration's decision to label North Korea a sponsor of state terrorism. "Condemnations from the U.N. Security Council and the new sanctions that may follow will solve nothing", the article said. "North Korea could turn chaotic", he said.
A woman who answered the phone at the North Korean consulate in Shenyang said she didn't know what would happen to North Korean businesses and joint ventures in China once United Nations sanctions kicked in.