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China has told North Korean companies operating in its territory to close down as it implements United Nations sanctions against the reclusive state.<\/p>\n
The companies will be shut by early January. Joint Chinese and North Korean ventures will also be forced to close.<\/p>\n
China, Pyongyang\u2019s only major ally, has already banned textile trade and limited oil exports.<\/p>\n
The move is part of an international response to North Korea\u2019s sixth and most powerful nuclear test.<\/p>\n
The UN Security Council, of which China is a member, voted unanimously for fresh sanctions on 11 September.<\/p>\n
China\u2019s commerce ministry said it had set a deadline of 120 days from the passing of the resolution for any North Korean companies within its borders to close.<\/p>\n
North Korea is politically and economically isolated, and the vast majority of its trade is with China.<\/p>\n
Beijing has traditionally been protective of its neighbour, but has sharply criticised its nuclear tests and escalating rhetoric.<\/p>\n
Earlier this year, it clamped down on its purchase of coal from Pyongyang and on seafood and iron trade across the border.<\/p>\n
Coupled with the textile trade ban, North Korea has lost several of its scant sources of foreign currency income.<\/p>\n
Beijing has been under public pressure to take action from US President Donald Trump, who has both applauded and denounced Chinese policy at different times.<\/p>\n
Source: BBC<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n
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