China-Libya ties still vital
By Mei Xinyu | China Daily | Updated: 2011-11-02 08:02
The deaths of Muammar Gadhafi and his son Mutassim signify the complete fall of Gadhafi's regime, which ruled Libya for 42 years. They signify the end of the Libyan civil war, too.
Now, the Libyan people and other countries, including China, are rightfully focusing on the country's reconstruction.
China has always wanted Libya and its people to prosper. Before the civil war China had 50 contracted projects in Libya worth $18.8 billion. The trade volume between China and Libya last year reached $6.58 billion, while the amount of newly signed projects in 2009 totaled $5.84 billion. And by the end of 2009, China had a direct investment of $42.69 million in Libya.
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