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commerce working group

February 6th 2012 08:47
China's Ministry of commerce working group 4 arrived in Tripoli Libya, on-the-spot investigation and understanding of Chinese enterprise in project current situation and enterprise benefit is impaired, and properly solve the problem of communication project follow-up.

Reportedly, China enterprises in the benefit to undertake basically is housing, railways, telecommunications and other livelihood projects. After Lee had said welcomes China to participate in the Libya reconstruction. China says it is willing to support Chinese enterprises to play their own advantages, to participate in the reconstruction of Libya, further expanding and deepening in the bilateral economic and trade cooperation.

The working group from the Ministry of Commerce Department of foreign investment and economic cooperation, International Contractors Association, China State Construction Engineering Corporation, China Power Construction Group Limited company, China Gezhouba Dam Corporation, China Transportation Construction Group, Beijing Construction Engineering Group, Huawei, ZTE company concerned personnel composition. The working group is to assess whether the local have reopened the condition, also will be in Libya and the Transitional Council consultations, for its continued compliance with previous contract.

Academy of Social Sciences Institute of West Asian and African Studies in African research director He Wenping introduced, at present Chinese enterprises in Libya to undertake mainly housing, roads, telecommunications and other livelihood projects. Earlier media reports, China in the Libya project losses could exceed $40000000000. But He Wenping thinks, this figure is overrated. " I told some companies to understand, they felt a loss of $20000000000 may have overestimated." And He Wenping said, because our company is the main project contractor, not investor.

Reportedly, at present the construction of Libya source of funds gradually thawed, reconstruction is to formal, which means that Chinese enterprises can get new contract.

He Wenping to Chinese enterprises in Africa future prospects are very optimistic, especially in infrastructure field. He Wenping said, Africa is China's second largest overseas labor service contract market, in Africa there are 1000000 Chinese, and most recently held the summit of the African Union is also presented, the future to strengthen the construction of infrastructure of African integration, so the African market is very huge

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