Lebanon Businessnews News
 

China: We will not
replace the US in Lebanon
Chinese firms have explored the market

but haven’t decided to invest

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China does not intend to replace the United States on the Lebanese market, said Zhang Jian Wei Director General of the Department of West Asia and North Africa at the International Liaison Department of the Central Committee of the Communist Party of China.

A number of Chinese companies had explored the local market in the past and not one has decided to invest in Lebanon so far.

Wei said: “We do not intend to replace the United States in Lebanon and we do not have the capacity to do so because China is still a developing country. Even if China becomes more developed economically it will not seek to fill any vacuum [in Lebanon],” he said.

Wei said that China will increase its support to developing countries and will remain a friend and partner to the Middle Eastern countries.
Reported by Shikrallah Nakhoul
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Date Posted: Nov 21, 2019