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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.
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.
originally posted by: carewemust
China has been CHEATING.
U.S. spy satellites reportedly captured photos of Chinese ships illegally selling oil to North Korean boats some 30 times since October.