China orders N.K. firms to close down within 120 days
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China orders N.K. firms to close down within 120 days
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Re: China orders N.K. firms to close down within 120 days
#2Question, will this have a noticeable impact on the N.K. economy or is it more of an inconvenience?
Re: China orders N.K. firms to close down within 120 days
#3Question, will this have a noticeable impact on the N.K. economy or is it more of an inconvenience?
I don't know about the economy at large, but this will certainly be more than an inconvenience to many of the Kim family's wealthy and influential friends.
Re: China orders N.K. firms to close down within 120 days
#4This is just smoke and mirrors. China needs NK as a communist buffer and as a equalizer against Japan and South Korea(regional competitors).Without China’s covert and overt help NK would not have gotten to where it is now. Chinese play both sides.
Re: China orders N.K. firms to close down within 120 days
#5Question, will this have a noticeable impact on the N.K. economy or is it more of an inconvenience?
Yes. China is NK's #1 trading partner.
Re: China orders N.K. firms to close down within 120 days
#6Related BBC article with more information: www.bbc.com/news/world-asia-41431057
Re: China orders N.K. firms to close down within 120 days
#7It seems like KJU needs an enemy to stay in power to justify his rule, so he can’t back down on his nuclear program. But now the options are narrowing even more for him, and if he abdicated it doesn’t have anywhere to go. So he may just force a war...
Re: China orders N.K. firms to close down within 120 days
#8Will it really be enforceable though? It seems relatively easy for firms in China to change names, create shells, etc
If China can't effectively police their own fly-by-night domestic firms from doing by things like selling industrial salts as fake table salt, how likely is it they'll be able to shut down NK oriented firms, or even be aggressively inclined to investigate and enforce this order? That is, perhaps this is mostly for show to comply on paper with UN resolutions.
Re: China orders N.K. firms to close down within 120 days
#9Will it really be enforceable though? It seems relatively easy for firms in China to change names, create shells, etc If China can't effectively police their own fly-by-night domestic firms from doing by things like selling industrial salts as fake table salt, how likely is it they'll be able to shut down NK oriented firms, or even be aggressively inclined to investigate and enforce this order? That is, perhaps this…
I feel like China is really starting to feel the pain of being associated with NK. I can imagine that they will be pretty thorough on this.
Re: China orders N.K. firms to close down within 120 days
#10Related BBC article with more information: www.bbc.com/news/world-asia-41431057
Thanks, this has a bit more substance to it than the original link.