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Vol 4 (AAC) No 5

Published 1st March 2011


Libya

Solid foundations

Chinese traders in Tripoli are watching closely to see how the Western-led attacks on Colonel Moammar el Gadaffi’s regime will affect business in the short term. South Korean and Chinese companies are amongst the top recipients of Libyan construction contracts. The China Export and Credit Insurance Corporation (Sinosure) may be the big loser in the unrest, having underwritten more than US$2 billion in deals. Chinese workers have also been targeted by looters and criminals. The Chinese Ministry of Commerce reported in late February that 27 Chinese construction sites had been robbed or attacked.

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