China sees foreign debt rise
Source: Xinhua |
January 7, 2010, Thursday
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Print Edition
Print Edition
CHINA'S State Administration of Foreign Exchange announced yesterday that the outstanding amount of the country's foreign debt stood at US$386.7 billion by the end of September, an increase of US$12.1 billion, or 3.2 percent, from the end of 2008.
China's foreign debt rebounded for the first time since the fourth quarter of 2008. The outstanding foreign debt stood at US$360.6 billion by the end of June.
SAFE said China's mid- and long-term outstanding foreign debt was US$165 billion by the end of September, taking up 42.6 percent of the total. It was up 0.6 percent, or US$917 million, from the end of the last year.
Short-term debt rose 5.3 percent, or US$11.2 billion, to US$221.9 billion, accounting for 57.4 percent of the total.
China's foreign debt rebounded for the first time since the fourth quarter of 2008. The outstanding foreign debt stood at US$360.6 billion by the end of June.
SAFE said China's mid- and long-term outstanding foreign debt was US$165 billion by the end of September, taking up 42.6 percent of the total. It was up 0.6 percent, or US$917 million, from the end of the last year.
Short-term debt rose 5.3 percent, or US$11.2 billion, to US$221.9 billion, accounting for 57.4 percent of the total.
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