China recognizes NTC as Libya's ruling authority (AP)

BEIJING ? China has recognized the National Transition Council as the ruling body of Libya after the rebels ousted Moammar Gadhafi.

A Foreign Ministry statement Monday night said China respects the choice of the Libyan people. It said it hopes that all signed treaties and agreements will remain in force.

China is the last member of the U.N. Security Council to recognize the NTC.

China previously criticized the NATO-led air campaign against Gadhafi's forces and refused to condemn the dictator. It is a big investor in Libya, with 26 Chinese companies taking on an estimated $20 billion in business.

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20110912/ap_on_re_as/as_china_libya

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