China orders North Korean businesses to close



The Chinese government has ordered all North Korean-owned businesses operating on Chinese soil to shut down, setting a deadline of 120 days from the imposition of UN sanctions on 11 September.
The closures will puting further pressure on North Korea's already fragile economy and leave it with almost no source of international income.
However, “the statement did not order Chinese companies in North Korea to cease operations and said certain projects were exempt, ‘especially non-profit and non-commercial public infrastructure projects’,” the Financial Times reports.
China's foreign ministry... read more

 
29 September 2017 in Business, Views: 42
Source: The Week
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