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.
Read more: http://www.reuters.com/article/us-northkorea-missiles-china-idUSKCN1B6033?source=Snapzu