China bans new joint ventures with North Koreans to comply with UN sections
2017-08-27 09:03:01 source：South China Morning Post
August 26, 2017
A notice issued by the Ministry of Commerce late on Friday said new joint venture enterprises, new wholly owned businesses and the expansion of existing entities involving North Korean individuals or companies would be banned with immediate effect.
The notice said the ministry would not approve applications for Chinese new or expanded investment in North Korea by Chinese companies.
The United Nations Security Council approved new sanctions against Pyongyang on August 6 over its two intercontinental ballistic missile tests.
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