China says no direct investment in Libya
August 27th, 2011 - 6:37 pm ICT by IANSBeijing, Aug 27 (IANS) China does not have direct investment in Libya. It only has contract projects, an official has said.
Shen Danyang, spokesman of the ministry of commerce, said reports on China suffering losses in Libya were “inaccurate”, the China Daily reported.
“Any government in any county will consider the market demands and the economy benefits. Chinese enterprises have competitiveness around the world in trade and investment,” he said when asked about the investment prospects of China’s crude oil firms in Libya.
Shen expressed hope to see Libya return to a stable condition, and to further cooperate in business and trade with the country.
China, along with the global community, will contribute actively to Libya’s rehabilitation, he said.
The department of West Asia and Africa under the ministry of commerce has said there were 26 Chinese enterprises involved in businesses in Libya. Their businesses - valued at more than $20 billion - were in property, railway, crude oil and telecommunications.
- China's Q1 overseas investment surges - Apr 17, 2012
- China warns of grim foreign trade situation - Oct 19, 2011
- China urges Libya to protect its investments - Aug 24, 2011
- China confident in 10 percent trade growth (Lead) - Apr 17, 2012
- 'China's foreign trade outlook grim' (Lead) - May 15, 2012
- China's FDI use falls - Feb 16, 2012
- China confident of growth in foreign trade - Apr 17, 2012
- China's FDI goes down (Lead) - Mar 15, 2012
- `China's exports under pressure' - Nov 16, 2011
- China's October FDI goes up - Nov 16, 2011
- China expresses opposition to US yuan bill - Oct 12, 2011
- Now China is 5th largest global investor - Sep 06, 2010
- China's November FDI down to 9.76 percent - Dec 15, 2011
- China's FDI goes down - Mar 15, 2012
- China becomes fifth largest global investor in outbound direct investment - Sep 06, 2010
Tags: beijing, china daily, chinese enterprises, competitiveness, contract projects, country china, crude oil, economy benefits, global community, investment in libya, investment prospects, losses, market demands, ministry of commerce, oil firms, railway, spokesman, stable condition, telecommunications, west asia