POST Online Media Lite Edition


China bans new business with North Korea

Staff Writer |
China's commerce ministry late on Friday banned North Korean individuals and enterprises from doing new business in China, in line with United Nations Security Council sanctions passed earlier this month.

Article continues below

New joint venture enterprises, new wholly owned businesses and the expansion of existing entities involving North Korean individuals or companies are prohibited in China, according to a notice released on the ministry's website.

Applications for Chinese new or expanded investment in North Korea by Chinese companies would not be approved, the ministry said. The new measures take effect immediately.

New sanctions by China, Japan, the United States and the United Nations are aimed at pressuring Pyongyang to end its nuclear weapons programme.

What to read next

China suspends imports of North Korean coal
China to open high-speed rail line to North Korea
China announces restrictions on trade with North Korea