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China says Libya ready to compensate companies

China says Libya ready to compensate companies

China says authorities in Libya have said they are ready to compensate Chinese companies who lost assets during the country's unrest.
Foreign Ministry spokesman Liu Weimin said Wednesday that China appreciates Libya's comments about compensation. He said Beijing would encourage Chinese companies to actively engage in Libya's postwar reconstruction.
China has invested billions of dollars in Libyan projects including housing and railway construction. Many of the projects were only half completed when the revolt against dictator Moammar Gadhafi erupted in February, and no estimates have been issued of the losses.


Updated : 2021-10-18 15:41 GMT+08:00