China eyes reconstruction contracts in war-hit Libya

BEIJING - Reuters

China has sent a team of government officials and company executives to Libya to discuss post-war reconstruction and how to protect Chinese assets, the official Xinhua news agency reported yesterday.

The team, led by Wang Shenyang, head of the foreign investment and economic cooperation department of the Ministry of Commerce, will assess damage to Chinese assets in Libya and talk with Libyan officials about uncompleted projects, Xinhua said.

Representatives of Chinese companies involved in the projects, mainly construction, railways and dams, power and telecommunications, were in the team which will visit until Wednesday, it added.