China shuts North Korean companies
beijing — China on Thursday ordered North Korean-owned businesses to close, cutting foreign revenue for the isolated North under UN sanctions imposed over its nuclear and missile programmes.
China is North Korea’s main trading partner, making Beijing’s cooperation essential to the success of sanctions aimed at stopping the North’s pursuit of weapons technology. China, long North Korea’s diplomatic protector, has gone along with the latest penalties out of growing frustration with leader Kim Jong Un’s government.
North Korean businesses and ventures with Chinese partners must close within 120 days of the UN Security Council’s September 11 approval of the latest sanctions, according to the Ministry of Commerce. That would be early January. North Korean companies operate restaurants and other ventures in China, helping to provide the North with foreign currency.
North Korean labourers work in Chinese factories and other businesses.
Also on Thursday, China’s foreign ministry appealed for dialogue to defuse the increasingly acrimonious dispute between US President Donald Trump’s government and North Korea.
“The Korean Peninsula nuclear issue is related to regional peace and stability,” ministry spokesman Lu Kang said. “Breaking the deadlock requires all relevant parties to show their sincerity.”
China, one of five permanent Security Council members with veto power, supports the latest sanctions but doesn’t want to push North Korea too hard for fear Kim’s government might collapse.
Chinese leaders argue against doing anything that might hurt ordinary North Koreans. They agreed to the latest sanctions after the US toned down a proposal for a total ban on oil in Chinese factories and other businesses. > North Korean businesses and ventures with Chinese partners must close within 120 days of the UN Security Council’s September 11 approval of the latest sanctions. exports to the North. Chinese officials complain their country bears the cost of enforcing sanctions, which have hurt businesses in its northeast that trade with the North. The latest round of UN sanctions bans member countries from operating joint ventures with North Korea, most of which are in China. —