The hottest new project signed by China in Africa

China's newly signed projects in Africa are affected by the political situation in Libya

China's newly signed projects in Africa are affected by the political situation in Libya

China's construction machinery information

guide to adapt to different measurement requirements: the amount of China's newly signed projects in Africa fell sharply by 53.2% year-on-year in the first two months of the year. China's contracted projects in Libya involve us $18.8 billion, and have been considerably affected. A Chinese project under construction in Libya, All Chinese workers have left Libya. The political turmoil in Libya has indeed caused great damage to Chinese enterprises

the amount of new projects signed by China in Africa fell sharply by 53.2% year-on-year in the first two months.

the investment involved in China's contracted projects in Libya is 18.8 billion US dollars, which has been considerably affected.

a Chinese project under construction in Libya, and all Chinese workers have been evacuated.

"the political turmoil in Libya has indeed had a considerable impact on Chinese enterprises."

Yao Jian, spokesman of the Ministry of Commerce, revealed at a regular press conference yesterday that China has contracted a total of 50 large-scale projects in Libya, involving a contract amount of US $18.8 billion. "On the premise of more effective and orderly withdrawal of personnel, we, together with relevant chambers of Commerce and enterprises, have carried out asset assessment and loss assessment of large-scale projects in Libya, continuously improved the quality of staff, and properly handled relevant follow-up matters."

China's investment in Libya is concentrated in the energy and construction industries. According to the announcements of some listed companies that have been disclosed in succession, in Libya, CSCEC (601668) has engaged in engineering contracting projects with a cumulative contract amount of about 17.6 billion yuan; The total contract value of three EPC projects of China Railway Construction (601186) is $4.237 billion, and $686million has been completed; The contract amount of a 7300 suite construction project in Gezhouba (600068) is about 5.54 billion yuan, and 16.8% of the contract quantities have been completed; The total contract amount of two engineering contracting projects of MCC (601618) is 5.586 billion yuan. The subsequent losses of these projects have yet to be assessed

"investing in places like Libya has high risks, but high returns. If there is no unrest, it is easier to make money, and any security mechanism is useless, otherwise you will make 100% profit." Yesterday, Lu Jinyong, an expert of the international investment advisory group of the Ministry of Commerce and director of the foreign direct investment (FDI) research center of the University of international business and economics, said that there were nearly 40000 workers in Libya

according to the data of the Ministry of Commerce, there were 764000 labor workers abroad at the end of February, a decrease of nearly 4000 over the same period last year. Among them, the number of non labor personnel decreased by 28000 compared with the same period last year

Yao Jian revealed yesterday that as one of the main markets of China's foreign contracted project business, the recent political turmoil in West Asia and North Africa has had a certain impact on China's contracted projects. In January this year, the new contract value of China's contracted engineering business in Africa was US $3.47 billion, a year-on-year decrease of 53.2%

"this (the impact on Libyan Chinese enterprises) also reflects the importance of Chinese enterprises to establish an effective" going out "security system in the process of participating in overseas projects." Yao Jian admitted yesterday

Yao Jian also hinted, "because West Asia and North Africa are the main regions for China's overseas investment to" go out ", China and this region also have a perfect economic and trade cooperation mechanism and response working mechanism. We will also protect the impact of Chinese enterprises in Libya and West Asia and North Africa through these mechanisms."

China quoted an unsigned official of the Ministry of Commerce in charge of North Africa affairs as saying on the 22nd that China will not make new investments in Libya in the short term until the state of splendor remains unchanged

however, China's "going global" is the general trend. In 2010, China invested $59billion overseas. Yao insisted that with the implementation of the 12th Five Year Plan, in the next five to ten years, the torque value after the preload is required to be a torque coefficient K ≥ 0.15, and China's investment abroad may exceed China's foreign investment