Chinese enterprises follow up and claim or deposit risks in Libya

Global network Reporter Liang reported that, as of March 3, the new China's largest withdrawal of Chinese activities has achieved a phased victory, the smooth withdrawal from Libya, a total of 35,860 Chinese nationals. After the withdrawal of personnel, SASAC and the major Chinese-funded enterprises quickly concentrated their efforts on the damage and future claims of enterprises to carry out comprehensive verification and preparation.　　A number of experts believe that whether Chinese enterprises can recover the project funds, the continuation of projects, all depends on the situation in Libya and the final holders of the attitude of the last government. Three companies announced in the total amount of the project nearly 50 billion yuan according to the Ministry of Commerce information, China's investment in Libya in the operation of a total of 75 enterprises, of which, about 40 are engaged in large-scale contracted engineering business, namely, housing construction and ancillary municipal facilities, others are concentrated in the areas of communications, energy, railways and other fields.　　The situation in Libya deteriorated, the Chinese government decisively withdrew more than 30,000 construction personnel in the Lee, but a large number of unfinished projects, fixed assets and Chinese-funded enterprises contracted projects can not withdraw, had to stay behind. After the evacuation, 3 large state-owned enterprises have made a statement on the project in Libya. China Construction Engineering Co., Ltd. on the website of the most detailed, it said, the company is currently in the project are government national housing projects, the cumulative contract amount of about 17.6 billion yuan, at present, the project completed nearly half, the project management level "no loss", but the evacuation of personnel incurred a certain fee.　　It also reminded investors that there was uncertainty over the progress of the project due to the unclear political situation in Libya. China Railway Construction Co. 's announcement said that it has 3 railways in Libya, signing the amount of more than 4 billion U.S. dollars. In the early days of the unrest in Libya, its project camp was attacked by thugs, some injured, some construction equipment was robbed, destroyed.　　The spokesman of China Sinoma International Engineering Co., Ltd., said in an interview with global network reporters that there is no project in the stock in Libya, while Sinoma group "has some", but are small new energy projects, the amount is not large.　　In addition, a 2nd article in the US Wall Street Journal said that similar to these companies are China's water Conservancy and hydropower construction group, China Transportation Construction Group, China Gezhouba Group companies, such as 13 sasac supervision of central enterprises, as well as Huawei, Huafeng, Beijing Hongfu and other private enterprises. Global network reporter to China Water Conservancy and hydroelectric and Gezhouba Group company two central enterprises to verify this situation, the reply is: China Water Conservancy and hydropower in Libya has 6 projects under construction, the total contract of 1.788 billion U.S. dollars; Gezhouba Group Company under construction of 7300 suites construction project, the contract amount of 829 million U.S. dollars. And China Transportation Construction Group Co., Ltd. board secretary Liu Wensheng told reporters that only 5 in Libya, and in the receipt of the project 20% after the commencement of construction, and the progress of the project delivery.　　"Due to payment has been withdrawn" before the evacuation of the overseas Chinese. SASAC statistical verification in the profit loss foreign media said "cannot be estimated" at present, the state-funded commission is leading the 75 companies to check the losses suffered, but because the Libyan bureauThe trend continues to deteriorate, and the results are yet to be announced.　　At home and abroad, the media and experts are based on the Chinese enterprises in terms of the investment and investments, and the evaluation is carried out.　　The International Business Journal, sponsored by the Ministry of Commerce, said as early as the evacuation of the Chinese, there are 27 enterprises in China, the site, the camp was attacked by gangsters, robbed, smashed and burned vehicles, construction equipment, materials, office equipment, cash and personnel injuries brought about by the economic losses have reached 1.5 billion yuan.　　A number of foreign media have analyzed that China's projects in Libya are mostly infrastructure, coupled with emergency evacuation operations, large machinery and fixed assets can hardly be transferred, the losses caused by each stagnation project involved hundreds of millions of U.S. dollars, the total loss of "difficult to estimate."　　Yin Gang, a researcher at the Institute of Western Asia and North Africa of the Chinese Academy of Social Sciences, also believes that as the conflict intensifies, Libya is likely to fall into a "decapitation" of the extremely chaotic situation, so "it is bound to cause China's enterprises in Libya more damage."　　China to leave before the withdrawal of the property security experts said the claim depends on the situation in Libya in fact, with the Ministry of Foreign Affairs to evacuate the notice, SASAC also to the major central enterprises issued an order, asked them to make a property preservation program. Liu Wensheng secretary told the global network reporters, the evacuation of the aftermath of the work "relatively perfect." In addition to handing over some of the machinery and building materials to the industry and suppliers, the project departments electronically archive all commercial and technical documents and store them in relatively safe locations. China Gezhouba Group company Head said that some of the company's foreign workers actively stay in the camp, guarding the on-site machinery and equipment. These are all preparing for a return to Libya and for claims from insurers.　　"Liu Wensheng said. On this series of follow-up progress, Global network reporter interviewed a number of experts. The Research Institute of International Trade and Economic Cooperation of the Ministry of Commerce, a careful deputy researcher said that earlier, Chinese enterprises have been due to major changes in the investment target countries experienced setbacks, such as the Iraq War.　　The ability of the enterprise to return to the country, recover the losses and continue to fulfil the previous contract depends crucially on the situation in the country. "After the situation in Libya has subsided, if the government in power admits that the agreement was effective, our company can normally pursue the project." "If it does not admit it, then these projects cannot continue."　　"And for insurance claims, carefully, if the underwriting is China's domestic insurance companies or international insurance companies, as long as the amount of loss, the two sides can be insured according to the amount of the original, the conditions for the settlement. Vice President of the University of International Trade and economics, Professor Lin Guijun, vice president of the China Institute of Business, said that although from the international practice, the new government should recognize the agreement signed by the old government and the debt, but there is no relevant legislation. So how the new government defines the agreement signed by the Gaddafi regime is related to future claims.　　Otherwise, China's investment may become the international "bad debt". Professor Lin Guijun also said that in the event, China should learn from experience and increase contact with the various political forces in the country where the investment is located. "In unstable countries, the governmentThe ability to influence the situation is limited. Our government used to deal with the local government more. In the future, contacts should also be made with local forces and tribal forces to ensure investment and personnel safety. "However, the Liu Wensheng secretary of the China Exchange Group believes that, according to the experience of the overseas investment in the past years, the new government does not recognize that the situation of the commercial contracts previously signed is" Non-existent. "These projects are commercial contracts and have little to do with regime change," he said. The new government, like Iraq and Afghanistan, also acknowledges previous contracts, including with China and with the United States. He told the global network reporter, "and the contract is the progress of the collection, even if the termination of the contract, the withdrawal of the project is, the loss is very small." ”