North Korea : China tightens noose

President Xi Jinping of China

No one can say that China has shied away from putting further pressure on the rogue regime headed by the despotic Kim Jong-Un.  The latest news is that China has banned North Koreans from starting new businesses in the country.  It has also prohibited existing firms from expanding.

Presidents Trump and Xi Jinping

The move is in line with UN sanctions imposed in response to Pyongyang's missile tests.  Beijing has also banned imports of coal, metal ores and sea food.  There is no doubt that this will deprive North Korea of the foreign currency it needs.



Kim Jong-Un of North Korea

In the first seven months of the year, imports from the country dropped by more than 16 per cent to about $1 billion, but at the same time exports from China rose by 32.5 per cent as Beijing continued to send food, textiles, fuel and other essential goods to Pyongyang