China has ordered North Korean companies in the country to shut down by January as it applies UN sanctions imposed following Pyongyang's sixth nuclear test. <br/><br/>China's commerce ministry said today that the companies, including joint ventures with Chinese firms, have 120 days to close from the date the United Nations resolution was adopted, September 11.<br/><br/>The announcement comes days after China confirmed that it will apply another major part of the sanctions: a limit on exports of refined petroleum products to North Korea starting October 1 and a ban on textiles from its neighbour.<br/><br/>China's application of UN sanctions is particularly biting for North Korea. Beijing is Pyongyang's main ally and trading partner, responsible for around 90 per cent of the hermit nation's commerce.<br/><br/>The US has pressed China to use its economic leverage to strongarm North Korea into giving up its nuclear ambitions.
News On AIR | September 28, 2017 9:03 PM
North Korean firms in China ordered to close by January