Posted on 09/28/2017 7:00:26 AM PDT by SeekAndFind
Chinese regulators said on Thursday that North Korean companies in China, including those that have joint ventures with Chinese firms, must shut down within less than four months, a signal of growing tensions between the two countries over Pyongyang's nuclear and ballistic missiles programs.
The move comes amid heavy pressure from the Trump administration, which has made the North Korean nuclear issue the cornerstone of its policy in Asia. President Trump and members of his administration have repeatedly signaled that the US depends on China to enforce international sanctions on North Korea in an effort to curb Pyongyang's nuclear ambitions.
China's Ministry of Commerce and the State Administration for Industry and Commerce said in an online statement that as part of implementing UN sanctions, North Korean entities and individuals that have set up businesses in China — from joint ventures to directly funded enterprises — must shut down within 120 days of the latest United Nations Security Council sanctions passed on Sept. 11. Sanctions this year have targeted North Korean industries from textiles to coal.
Chinese joint ventures with North Korean individuals or entities abroad must also shut down, the statement said. The rules will be enforced by authorities at the provincial level.
But the statement adds that the rules don't apply to nonprofits or noncommercial infrastructure projects. Businesses can also apply to regulators for exemptions on an individual basis.
Many North Korean businesses operate under the radar in China, using shell companies based in other countries to hide their origins. Others work through middlemen or operate on a cash basis to avoid the eyes of Chinese regulators.
Chinese academics have long said that China is reluctant to risk causing instability on North Korea, its neighbor and historical ally,
(Excerpt) Read more at buzzfeed.com ...
One step at a time....Just wish it was quickstep.
the US depends on China to enforce international sanctions on North Korea in an effort to curb Pyongyang’s nuclear ambitions.... ................................. Watch how the NKs move their operations outside the country to friendlier, similar style governments. (Need I mention who?)
More progress than we have seen in years.
NK is feeling the squeeze. I’m a little worried they’re just going to adopt a total FU attitude and since they have nothing to lose go all-in and pull the trigger.
I’m sure that Kim threatens China every day in some way....and China WAS/IS an ally.
My guess is that Kim will infiltrate South Korea and plant a dirty bomb....kinda like...see what the left hand is doing.
North Korea doesn’t want border fighting. He wants to annihilate. And China is not a good choice.
RE: I’m a little worried they’re just going to adopt a total FU attitude and since they have nothing to lose go all-in and pull the trigger.
We have to prepare for the worst. We were operating on the assumption that dictators from the Soviet Union to Kim Jong-Il’s North Korea were rational and still valued their own lives and the lives of their citizens...
I’m not sure about fat boy. This man by all indications is several orders of magnitudes crazier than his father or grand father.
The worst case scenario is hundreds of thousands are going to die... unfortunately, such is war.
This is series.
Its working!!
WINNING
MAGA
Exactly! Making that pic my wallpaper. My family will go nuts (Quebec residents aren’t fans of President Trump)!
The same as the NFL, Trump has turned up the heat on the situation to embarrass China.
Just like the NFL owners, China, who is supposed to be the closest to the situation, has mostly for political and PR reasons, has allowed an absurd and dangerous situation to grow and fester.
Trump turns up the heat to reveal the hypocrisy and contradictions - and force some change.
well at least NK can’t go to some crackpot activist judge and block what China is doing...
Who knows what a madman would consider a good choice?
Winning.
Think this would have happened under Obama?
Sorry...I don’t trust Red China.
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