China is ordering all North Korean businesses operating within its borders to close in accordance with recently approved U.N. sanctions.
The country’s commerce ministry said ventures within Chinese territory will have until the end of the year to shutdown.
Overseas joint ventures between Chinese and North Korean companies will also be dissolved, but specific deadlines for those businesses remain unclear.
The move comes as U.S. Secretary of State Rex Tillerson begins his second official trip to China amid rising tensions in the region.
Meanwhile, the president of South Korea urges Pyongyang to abandon its nuclear weapons program.
President Moon Jae-in made the comments during his speech at the 69th Armed Forces Day in south Korea.
He stressed his government’s efforts to help contain the rogue state’s nuclear aspirations, adding he does not want to see North Korea collapse.
He also emphasized the importance of South Korea’s cooperation with the international community to tackle the issue.
Moon also vowed to strengthen his country’s military alliance with the U.S.
On Thursday, South Korean security officials said American assets would be stationed in the region on a rotating basis before January.
This comes after the Pentagon confirmed the deployment as agreed to by Moon and President Trump at the U.N. last week.
Details on the type of assets to be sent to the region have not been confirmed but may include B-52 bombers, nuclear submarines, and aircraft carriers.
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