Friday, September 29, 2017

THREATS FROM NORTH KOREA: Beijing demands North Korean firms to close operations


China has ordered North Korean companies operating in the country to close down.

China has ordered North Korean companies on the mainland to close down 120 days from the passing of the UNSC's latest set of sanctions on the regime.

China's Commerce Ministry said the action is in line with the UN resolution adopted on September 12th in the wake of the North's sixth nuclear test conducted earlier this month.

The crackdown applies to all companies doing business in China, including China-NK joint ventures, and reven restaurants.

Many observers say China was mindful of US pressure to take tough action against its long-time ally and Washington has praised China's movie.

Susan Thornton, the US Acting Assistant Secretary of State for East Asian and Pacific Affairs, told the Senate that "Chinese policy" is shifting. Along with the international community, the US has been ramping up pressure applying substantial sanctions on the North to force it to give up its nuclear and missile ambitions.

Source: Arirang News

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