China's commerce ministry has banned North Korean nationals from setting up new businesses in the country, enforcing recent UN sanctions as Washington urges Beijing to do more to curb its ally's nuclear ambitions.

The ban, effective immediately, came as Pyongyang launched three short-range missiles on Saturday according to the US military, reviving tensions days after President Donald Trump said the isolated regime was starting to show Washington some "respect".

Beijing has been under pressure from Washington to rein in its neighbour, which relies heavily on the Asian giant for its economic survival, and the ban is the latest attempt by China to dispel US concerns over its close ties with Pyongyang.

China, which is the recipient of some 90 percent of North Korea's exports, earlier this month said it would suspend its imports of iron, lead and seafood from the country after halting its coal purchases in mid-February.

Under the new measures, North Korean nationals will not be allowed to establish any new company in China, whether it is a joint venture with a Chinese partner or a firm with foreign capital.

The ban also prohibits the expansion of any existing joint ventures involving North Koreans in China, while new Chinese applications to invest in North Korea or to increase existing investments in the country will be rejected, the ministry said.

Businesses established by Pyongyang abroad -- including restaurants and trading companies -- are a crucial source of foreign exchange for the Stalinist regime.

Pyongyang has recently faced a wave of international sanctions over its test-firing of two intercontinental ballistic missiles (ICBM) last month that apparently brought most of the United States into range for the first time.

In addition to sanctions adopted by the United Nations Security Council this month, Japan and the United States have imposed punitive measures against international firms, including those from China, for doing business with the hermit state.

The measures are aimed at disrupting the flow of cash funding North Korean weapons programmes, which are in violation of United Nations resolutions.

Trump has called on China to play a more active role in convincing North Korea to halt its weapons programme and stop threatening its neighbours and the US.

But China has so far been lukewarm on the idea, preferring to address the issue through long-stalled talks.

Tweet

China says new US sanctions 'won't help' cooperation on N.Korea
Beijing (AFP) Aug 23, 2017
China said Wednesday that new US sanctions targeting Chinese firms linked to North Korea "will not help" cooperation with Beijing in the nuclear crisis. The US Treasury Department Tuesday slapped punitive measures on a series of Chinese and Russian individuals and companies, accusing them of supporting North Korea's nuclear programme and trying to evade US sanctions. President Donald Tru ... read more

Related Links
Learn about nuclear weapons doctrine and defense at SpaceWar.com
Learn about missile defense at SpaceWar.com
All about missiles at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com

Thanks for being here; We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor $5 Billed Once credit card or paypal		SpaceMediaNetwork Monthly Supporter $5 Billed Monthly paypal only