August 23rd, 2011
01:38 PM GMT
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Hong Kong, China (CNN) – When the going gets rough, China gets going. After six months of attempted neutrality between Moammar Gadhafi loyalists and rebel forces, Beijing now appears to have chosen sides. This, as the end-game seemingly nears for Libya’s leader of 42 years, whose hold on power wanes by the day.

A spokesman for China’s Foreign Ministry now says the country “respects the choice of the Libyan people” and wants “to play a positive role in rebuilding Libya”.

The translation? Beijing thinks Moammar Gadhafi is about to be booted out and it’s switching allegiance to the folks that may eventually run the country.

Looking at this move through the prism of an oil-sprinkled lens, Beijing’s motivation comes into focus a bit more. China is the world’s second largest consumer of oil after the U.S. And Libya, at peak production, was pumping out a total of 1.5 million barrels a day. And 11% of that went where? You guessed it - China.

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