China to cut back on foreign infrastructure investment

China, which has shown interest in funding numerous new port and infrastructure projects in developing countries, is now having to re-evaluate its position given Venezuelas wish to default on Chinese debt.

China's President Xi Jinping (pictured)  had previously set aside $60bn for projects in Africa over the next three years. Credit: Hye900711.

China, which has shown interest in funding numerous new port and infrastructure projects in developing countries, is now having to re-evaluate its position given Venezuelas wish to default on Chinese debt.