Fri. Oct 9th, 2026
Spread the love & Comment on Social Media !

Factories like this one on the China–North Korea border to be closed down

Description 

Factories like this one on the China–North Korea border to be closed down

Description 

Factories like this one on the China–North Korea border will be
closed down

Credits 

Johannes Eisele/AFP/Getty Images

Alt Text 

Factories like this one on the
China–North Korea border to be closed down

The move comes as part of the latest round
of sanctions against Pyongyang

One-Minute Read

Friday, September 29, 2017 –
7:00am

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.

See related 

Crashed limo ‘holding up house’ Swedish town baffled by wooden penises Man organises robbery to end relationship

China’s foreign ministry spokesman, Lu Kang, said he was
“opposed to any war on the Korean peninsula” and talked up the
prospect of diplomacy. “Sanctions and the promoting of talks are
both the requirements of the UN Security Council,” he said. “We
should not overemphasise one aspect while ignoring the other,”.

The Chinese government “has traditionally been protective of its
neighbour,” says the BBC, “but has sharply criticised its nuclear
tests and escalating rhetoric. Earlier this year, it clamped down
on its purchase of coal from Pyongyang and on seafood and iron
trade across the border.”

It has also said that it would cut off gas and limit refined
petroleum deliveries from January. China “provides the bulk of
North Korea’s energy supplies”, the ABC says.

However, it made no mention of crude oil, which makes up the
bulk of China’s energy exports to North Korea, and which is not
covered in the latest UN sanctions.

China Business
World business

North Korea

Get A Domain Name And Hosting On Dotifi.com.uk Today Click Link to get 10percent Off !

Spread the love & Comment on Social Media !

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *