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China Has Ordered North Korean Companies In The Country To Shut Down Within 120 Days
Buzzfeed ^ | 09/28/2017 | Megha Rajagopalan

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 ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; War on Terror
KEYWORDS: business; china; chinank; nkcompanies; nkoutofcontrol; northkorea; shutdown
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To: SaxxonWoods

“Winning.

Think this would have happened under Obama?”

LOL!! They even made this p*ssy exit out of the back of the plane.


21 posted on 09/28/2017 7:53:32 AM PDT by WKUHilltopper (WKU 2016 Boca Raton Bowl Champions)
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To: proud American in Canada

My visits to Montreal made me believe it was the equivalent of Dayton, OH— A city of complete asphalt and concrete.


22 posted on 09/28/2017 7:54:42 AM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: ConservativeMind

After watching the KDrama “Goblin”, which was partially filmed in Quebec City, I definitely want to go visit there.


23 posted on 09/28/2017 7:56:48 AM PDT by dfwgator
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To: EDINVA

And Hugh


24 posted on 09/28/2017 8:01:52 AM PDT by ASA Vet (Make US Intelligence great again!)
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To: Waverunner

Looks like an NFL “hate America, ONLY BLM rally”; just replace Mao’s face with NFL commissioner Goodell or Steelers coach Tomlin’s face.


25 posted on 09/28/2017 8:11:50 AM PDT by Jmouse007 (Lord God Almighty, deliver us from this evil in the name of our Lord and Savior Jesus Christ, amen.)
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To: Bringbackthedraft
Watch how the NKs move their operations outside the country to friendlier, similar style governments. (Need I mention who?)

Campus of UC Berkeley? :-)

26 posted on 09/28/2017 8:13:50 AM PDT by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: SeekAndFind

I wonder if South Korea will shutter Kaesong?


27 posted on 09/28/2017 8:18:23 AM PDT by infool7 (Pray, Think, Pray, Act, Pray Pray Pray...)
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To: BBQToadRibs

Unfortunately you may be right on target.


28 posted on 09/28/2017 8:18:45 AM PDT by saintgermaine (saintgermaine the time traveller)
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To: SeekAndFind
This man by all indications is several orders of magnitudes crazier than his father or grand father.

What indications? I am not trying to be argumentative, I just have heard this stated many times, and I just don't see what everybody else sees.

As far as I can tell, he has pursued a relatively low-risk way of substantially improving his negotiating position. He knew where the line was, and didn't cross it (apparently, since NK still exists). But he has also established that NK is now a nuclear power, with an arsenal of non-primitive nuclear weapons, ICBM capability, and, if rumors are true, will soon establish NK as a country capable of EMP attacks. NK is in a vastly superior negotiating position than they were when their only trading chip was a bunch of WWII-era artillery aimed at a single, non-American, city.

I am not saying that he isn't crazy, but where is the evidence? It seems rational (in its own way), calculated, and, unfortunately, successful, in that NK now has to be treated as a dangerous threat, rather than an annoying, but relatively harmless, flea. It was possibly a risky strategy on their part (although I doubt that the odds of the annihilation of NK were ever actually that high), but also a high-reward strategy.
29 posted on 09/28/2017 8:37:51 AM PDT by jjsheridan5
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To: SeekAndFind

Winning.


30 posted on 09/28/2017 8:48:21 AM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: BBQToadRibs

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.


31 posted on 09/28/2017 8:51:13 AM PDT by saintgermaine (saintgermaine the time traveller)
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To: SeekAndFind

The leftist will hate to hear that the Trump strategy of being tough with China is forcing them to get tough with North Korea.


32 posted on 09/28/2017 9:05:30 AM PDT by Blood of Tyrants (Conservatives love America for what it is. Liberals hate America for the same reason.)
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To: SeekAndFind

Nope, not tired of winning yet.


33 posted on 09/28/2017 9:05:59 AM PDT by Basket_of_Deplorables (Drone Soros and sons!!!)
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To: BBQToadRibs

KJU won’t care until his daily caviar treats are gone.


34 posted on 09/28/2017 9:06:44 AM PDT by Blood of Tyrants (Conservatives love America for what it is. Liberals hate America for the same reason.)
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To: SeekAndFind

Good for China... maybe there’s friendship in the future...

That would be nice.


35 posted on 09/28/2017 9:10:08 AM PDT by GOPJ (Black men are 6% of the population - - they murder 42% of all cops killed in the line of duty.)
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To: SeekAndFind

China is giving North Korea leather goods for Christmas-—

A BELT in the mouth & a BOOT in the ass....


36 posted on 09/28/2017 9:44:52 AM PDT by ridesthemiles
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To: SeekAndFind

“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.


37 posted on 09/28/2017 10:03:05 AM PDT by BeauBo
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To: Bringbackthedraft
Watch how the NKs move their operations outside the country to friendlier, similar style governments. (Need I mention who?)

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.

38 posted on 09/28/2017 12:40:14 PM PDT by Go Gordon
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To: AdmSmith; AnonymousConservative; Berosus; Bockscar; cardinal4; ColdOne; Convert from ECUSA; ...
Chinese sidebars: Thanks SeekAndFind.
39 posted on 09/29/2017 11:28:38 PM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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