Friday, October 21, 2011

China may lose Reconstruction of Libya

Full Story: Boston

In a Gaddafi-dead environment, the Interim Libyan government has said that they might discriminate against Chinese companies because of Beijing's failure to provide strong support to condemn Gaddafi, while countries like France, Italy and other countries openly denounced the slain Libyan dictator. China had invested billions in infrastructure development  projects in Libya and had to send military planes and a military cargo vessel for the safe exit of some 30,000 Chinese workers in February when the move against Gaddafi's ouster  intensified.

China has however changed its stance on Gaddafi from a "strongman" to "madman" after Thursday's killing of Gaddafi. Only time will tell whether this patch-work would do any good to China in days to come.

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