China adopts harsh measures against the North Korean regime

World News Nilgun Salim
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China adopts drastic measures against North Korea after the Pyongyang regime has disregarded several of Beijing’s demands, initiating an intense conflict with the US, South Korea and Japan.

China has urged North Korean companies operating on its territory to close their doors and leave, BBC News has reported.

China’s trade minister mentions in a press release that all North Korean entrepreneurs and North Korean franchisees operating in China have 120 days to close down.

China did not, however, urged Chinese companies with their headquarters in North Korea to end their activity.

The Minister said some projects may make an exception to this rule, especially those “non-profit organizations”.

China’s ban on North Korean affairs represents another blow for the “Hermit Kingdom’s” economy, with 80-90% of North Korea’s exports to China.

“There is nothing surprising or extraordinary regarding the minister’s decision that perfectly aligns with the sanctions imposed by the United Nations Security Council”, stated Zheo Tong, an expert at the Carnegie Tsinghua Center for the Financial Times.

“However, the impact will be a major one,” he added, highlighting that many North Korean businesses, exchange companies and even restaurants operating in China play a key role in North Korea’s economy.

Measures taken by Beijing will worsen put even more pressure on the relation of North Korea with China.