China has ordered North Korean companies operating within its borders to shut down as Beijing tightens the screws on Pyongyang amid fresh UN sanctions.
China’s ministry of commerce said in a statement late on Thursday that it was giving North Korean businesses and individuals located in China, as well as joint ventures between Chinese and North Korean companies outside of its borders, 120 days to close up shop.
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”.
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