China bans new business with North Korea in line with sanctions

China doing their part for the U.N.

Now they decided to ban new businesses that tie into North Korea !!

But wait.

China and North Korea are Communist Socialist governments.

Yet they are acknowledging "Individuals" and wait for it ..... "Enterprises" !!

Jeeezzzz.

China bans new business with North Korea in line with sanctions

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.

a reply to: xuenchen

There is a reason why Douglas MacArthur said to never trust the ChiComs.......

communist in name only and hanging on to socialism barely.
wouldn't go as far to call the cpc remotely right leaning however, 'private companies' are still pretty much government run.

a reply to: xuenchen

China has a loose fitting form of communism. There are tons of businesses there.
some of Chinas big businesses

Or didn't you know that?

a reply to: kelbtalfenek

China is more like a country run as one giant corporation.

The communist party is nothing more than a board of directors. Every state within China is run like a business and those who grows their business are rewarded.

Just like in any corporation, democracy is not a thing. The only thing that matters is growth and economic expansion.

12.27.2017

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.

Source: www.foxnews.com...

originally posted by: carewemust
12.27.2017

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.

Source: www.foxnews.com...

Why would they do that then?

Because an undated photo of 2 ships from a spurious news outlet says so?