Losses of Chinese Companies in Libya Overestimated

It's now being recommended that Chinese companies which had been operating in Libya begin negotiations¹ with the new Transitional government to recoup the roughly 20-billion US dollars lost because of the civi war.

CRI's Su Yi has more.

 
In Libya, 75 Chinese companies, including 13 state-owned enterprises, have taken on an estimated 20 billion U.S. dollars in business. All of their employees were among the roughly 35-thousand Chinese nationals who fled the country in March during a rebel uprising, leaving factory buildings, equipment and unfinished projects behind.

Back at home, two state-owned construction companies received more than 30 million dollars from their insurers days after they finished evacuating² from Libya.

An official from the China Chamber³ of Commerce for the Import and Export of Machinery⁴ and Electronic Products says the losses are still affordable⁵, as Chinese contractors⁶ in Libya normally receive their contract fees on time with less than 10 percent of the workload⁷ unpaid⁸. It should also be noted⁹ that none of the companies borrowed money from Chinese banks for their projects.

He Wenping, Director of African Studies at the Chinese Academy of Social Sciences, says the losses to Chinese oil companies are expected to be small.

"Among the some 35-thousand Chinese workers there, only some 300 were oil workers. The China National Petroleum¹⁰ Corporation mostly offered assistance services in Libya. China does not own drilling rigs there."

A Chinese contact group in Benghazi reports that the properties of Chinese companies in eastern Libya have largely gone undamaged while under the protection of rebel forces.

Telecommunications companies ZTE and Huawei returned to Libya last month. Huawei was laying an underwater telecoms cable linking a western Libyan city to Greece before the uprising.

African studies expert He Wenping says Libya's reconstruction¹¹ process offers Chinese companies an excellent opportunity to return to the country.

"Of course, it would be impossible for Chinese companies to get the biggest share considering that European countries led the military campaign. But it is equally unlikely that Chinese companies will be edged out from the country. Chinese contractors win deals around the world with their price edge and professionalism, not by interfering¹² in the political issues of other countries."

China recognized the National Transitional Council as Libya's legal representative last week when the dust of the civil war basically settled. He Wenping says he thinks the new Libyan government understands China's foreign policy that is based on the principle of non-interference in other nations' internal affairs.

The NTC leaders have reassured¹³ that they will uphold previous international deals and contracts and rebuffed the idea that they will judge future business partners based on whether they were hard backers of the air raid campaign.

For CRI, I'm Su Yi.

1 negotiations   

协商( negotiation的名词复数 )； 谈判； 完成（难事）； 通过

参考例句：

• negotiations for a durable peace 为持久和平而进行的谈判
• Negotiations have failed to establish any middle ground. 谈判未能达成任何妥协。

2 evacuating   

撤离，疏散( evacuate的现在分词 )； 排空（胃肠），排泄（粪便）； （从危险的地方）撤出，搬出，撤空

参考例句：

• The solution is degassed by alternately freezing, evacuating and thawing. 通过交替的冻结、抽空和溶化来使溶液除气。
• Are we evacuating these potential targets? 能够在这些目标地域内进行疏散吗？

3 chamber   

n.房间，寝室；会议厅；议院；会所

参考例句：

• For many,the dentist's surgery remains a torture chamber.对许多人来说，牙医的治疗室一直是间受刑室。
• The chamber was ablaze with light.会议厅里灯火辉煌。

4 machinery   

n.(总称)机械，机器；机构

参考例句：

• Has the machinery been put up ready for the broadcast?广播器材安装完毕了吗？
• Machinery ought to be well maintained all the time.机器应该随时注意维护。

5 affordable   

adj.支付得起的，不太昂贵的

参考例句：

• The rent for the four-roomed house is affordable.四居室房屋的房租付得起。
• There are few affordable apartments in big cities.在大城市中没有几所公寓是便宜的。

6 contractors   

n.（建筑、监造中的）承包人( contractor的名词复数 )

参考例句：

• We got estimates from three different contractors before accepting the lowest. 我们得到3个承包商的报价后，接受了最低的报价。 来自《简明英汉词典》
• Contractors winning construction jobs had to kick back 2 per cent of the contract price to the mafia. 赢得建筑工作的承包商得抽出合同价格的百分之二的回扣给黑手党。 来自《简明英汉词典》

7 workload   

n.作业量，工作量

参考例句：

• An assistant one day a week would ease my workload.每周有一天配一个助手就会减轻我的工作负担。
• He's always grousing about the workload.他总是抱怨工作量大。

8 unpaid   

adj.未付款的，无报酬的

参考例句：

• Doctors work excessive unpaid overtime.医生过度加班却无报酬。
• He's doing a month's unpaid work experience with an engineering firm.他正在一家工程公司无偿工作一个月以获得工作经验。

9 noted   

adj.著名的，知名的

参考例句：

• The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
• Jim is noted for arriving late for work.吉姆上班迟到出了名。

10 petroleum   

n.原油，石油

参考例句：

• The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
• The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。

11 reconstruction   

n.重建，再现，复原

参考例句：

• The country faces a huge task of national reconstruction following the war.战后，该国面临着重建家园的艰巨任务。
• In the period of reconstruction,technique decides everything.在重建时期，技术决定一切。

12 interfering   

adj. 妨碍的 动词interfere的现在分词

参考例句：

• He's an interfering old busybody! 他老爱管闲事！
• I wish my mother would stop interfering and let me make my own decisions. 我希望我母亲不再干预，让我自己拿主意。

13 reassured   

adj.使消除疑虑的；使放心的v.再保证，恢复信心( reassure的过去式和过去分词)

参考例句：

• The captain's confidence during the storm reassured the passengers. 在风暴中船长的信念使旅客们恢复了信心。 来自《现代英汉综合大词典》
• The doctor reassured the old lady. 医生叫那位老妇人放心。 来自《简明英汉词典》