Beijing Orders All North Korean Businesses To Close
In the latest sign that China is moving to dramatically limit its exposure to its restive neighbor and long-time economic dependent, Chinese authorities on Thursday ordered all North Korean firms to stop doing business in the world's second-largest economy, fulfilling Beijing's obligations according to the latest round of UN Security Council sanctions, which were passed two weeks ago.
The order comes just days after President Donald Trump revealed that the People’s Bank of China had asked the country’s banks to sever their business ties with North Korea.