Chinese Regime

China Orders Closing of North Korean Businesses and Joint Ventures

China Orders Closing of North Korean Businesses and Joint Ventures
North Korean leader Kim Jong Un visits the Command of the Strategic Force of the Korean People's Army (KPA) in an unknown location in North Korea in this undated photo released by North Korea's Korean Central News Agency (KCNA) on August 15, 2017. KCNA/via Reuters
Joshua Philipp
|Updated:
China has given North Korean companies 120 days to close down. The announcement was made by the Chinese regime’s commerce ministry, reported The Korea Herald on Sept. 28, and will also end China–North Korea joint ventures.
China’s central bank also recently told banks to implement the United Nations sanctions against North Korea, according to Reuters on Sept. 21. Chinese banks were told to deny services to new North Korean customers and to wind down loans to existing North Korean customers.
Joshua Philipp
Joshua Philipp
Author
Joshua Philipp is senior investigative reporter and host of “Crossroads” at The Epoch Times. As an award-winning journalist and documentary filmmaker, his works include "The Real Story of January 6" (2022), "The Final War: The 100 Year Plot to Defeat America" (2022), and "Tracking Down the Origin of Wuhan Coronavirus" (2020).
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