CHINESE GOVERNMENT ORDERS ALL NORTH KOREAN FIRMS CLOSED

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CHINESE GOVERNMENT ORDERS ALL NORTH KOREAN FIRMS TO CLOSE IN CHINA

China's commerce ministry has ordered all North Korean companies based in the country to close as a result of UN sanctions over Pyongyang’s nuclear missile tests.
CHINESE GOVERNMENT ORDERS ALL NORTH KOREAN FIRMS TO CLOSE IN CHINA
Chinese authorities said on Thursday that North Korean firms or joint ventures in China will be shut within 120 days of the UN decision announced on 12 September.
Overseas Chinese joint ventures with North Korean entities or individuals will also be closed, the ministry said in a statement on its website, not giving a timeframe, according to Reuters.
The UN Security Council voted unanimously on 12 September to boost sanctions on North Korea, banning its textile exports and capping fuel supplies.
The UN action was triggered by North Korea's sixth and largest nuclear test this month. It was the ninth Security Council sanctions resolution over North Korea's ballistic missile and nuclear programs since 2006.
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