Beijing to shut North Korean-owned businesses in China in January 2018

Beijing has ordered North Korean-owned businesses in China to close by January, cutting foreign revenue for Pyongyang under United Nations sanctions imposed over its nuclear and missile programmes.
China’s commerce ministry said that companies, including joint ventures with Chinese firms, have 120 days to close from the date the UN resolution was adopted on September 11.
China is North Korea’s main trading partner, making Beijing’s cooperation essential to the success of sanctions imposed to stop Pyongyang’s pursuit of weapons technology.



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