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 ...
“Winning.
Think this would have happened under Obama?”
LOL!! They even made this p*ssy exit out of the back of the plane.
My visits to Montreal made me believe it was the equivalent of Dayton, OH— A city of complete asphalt and concrete.
After watching the KDrama “Goblin”, which was partially filmed in Quebec City, I definitely want to go visit there.
And Hugh
Looks like an NFL “hate America, ONLY BLM rally”; just replace Mao’s face with NFL commissioner Goodell or Steelers coach Tomlin’s face.
Campus of UC Berkeley? :-)
I wonder if South Korea will shutter Kaesong?
Unfortunately you may be right on target.
Winning.
In the past NK been living off making threats and selling war related technology to whoever wanted to buy it. Not to mention counterfeiting US currency of a quality almost better than ours, one of the reasons what tripped them off. And the US enabled them to acquire the nuclear ability under the Clinton administration. I still can see the picture of Madeline Notsobright standing there with that beer bellied twerp looking like two long lost lovers who just found themselves. NK was used to cashing in on their threats to keep their disgusting terror regime alive. If NK would apply their scientific acumen to some peaceful and worthwhile endeavor they just might get someplace.
They just are not used to someone finally coming along, like our Great President Trump who decided enough is enough and is in the process to shut their water off. Lets face it, sooner or later a showdown was inevitable, so we may as well get it over with instead of kicking the can further down the road as things will only progress from bad to worse, what is usually the case.
The leftist will hate to hear that the Trump strategy of being tough with China is forcing them to get tough with North Korea.
Nope, not tired of winning yet.
KJU won’t care until his daily caviar treats are gone.
Good for China... maybe there’s friendship in the future...
That would be nice.
China is giving North Korea leather goods for Christmas-—
A BELT in the mouth & a BOOT in the ass....
“a signal of growing tensions between the two countries (China, North Korea) over Pyongyang’s nuclear and ballistic missiles programs.”
Bull. They work hand in glove on the nuclear program. It is a signal that the pocketbook of Chinese Communist Party members is endangered.
“The move comes amid heavy pressure from the Trump administration”
True. This is driven by the Trump Admin’s recent sanctions on (Chinese) banks that do business with North Korea - putting teeth into the 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.”
120 days to try to cheat in another way most likely - but being forced to scramble in this manner is a big change from the past. For the first time in decades, the Chinese Communists seem worried about being held accountable for their lying, cheating and stealing. Because they are starting to face real costs.
Don't know who you have in mind, but it won't have a border with North Korea. Therefore, the logistics won't be as good, and depending on what country, the hourly labor rates might be significantly higher than China's.
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