China has banned North Korean individuals and enterprises from doing new business in the country, in line with United Nations Security Council sanctions passed earlier this month.
According to a notice released on the Commerce ministry’s website, new joint venture enterprises, new wholly owned businesses and the expansion of existing entities involving North Korean individuals or companies are prohibited in China.
The Ministry said, applications for Chinese new or expanded investment in North Korea by Chinese companies would not be approved.
New sanctions by China, Japan, the United States and the United Nations are aimed at pressuring Pyongyang to end its nuclear weapons programme.