Thursday, 28 September 2017

China orders the shut down of North Korean companies in the country

Following the UN sanctions over Pyongyang’s latest nuclear missile tests, Chinese Government have ordered North Korean companies in the country to shut down by January.


China’s ministry of commerce said today that North Korean firms and joint ventures firms in China will be shut within 120 days of the UN decision, which was announced on 12 September.

Beijing had previously ordered banks to stop working with the North Korean regime following US concerns the Chinese government wasn’t being tough enough on the North Korean nuclear threat.

China is North Korea’s main ally and trading partner, responsible for around 90 percent of the hermit nation's commerce. making the success of UN sanctions dependent upon Beijing’s cooperation, and the latest sanctions are a clear indication of China’s growing frustration at Kim Jong Un’s regime.

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