China safe from effect of Greece default

Greece's debt default will not affect China's investment as it has a small number of assets in the country and its companies are diversified in other parts of Europe.

Shen Danyang, a spokesman for the Ministry of Commerce, said the scale of investment between China and Greece is not significant. China has invested $1.3 billion in Greece, mainly in the fields of shipping, telecommunication and photovoltaic cells.

Chinese contractors in Greece signed $45.2 million of new project contracts and completed $22.4 million worth of projects in the first five months of this year in fields such as shipbuilding and ship maintenance, according to the ministry.