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External debt widens to US$785b in Q2
Source: Xinhua |
September 18, 2012, Tuesday
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Print Edition
Print Edition
CHINA'S outstanding external debt rose by US$34 billion in the second quarter to US$785.17 billion by the end of June, the foreign exchange regulator said yesterday.
The amount does not include the outstanding external debt of Hong Kong and Macau or that of Taiwan, the State Administration of Foreign Exchange said in a statement.
Of the total outstanding external debt, registered external debt reached US$495.07 billion, while the balance of trade credit between enterprises totaled US$290.1 billion.
Most of the debt owed to foreign creditors resulted from short-term borrowing, as outstanding external debt with a term of one year or less amounted to US$588.22 billion, or 75 percent of the total, up from 74.2 percent at the end of March, according to SAFE.
Long- and medium-term external debt outstanding totaled US$196.95 billion.
The amount does not include the outstanding external debt of Hong Kong and Macau or that of Taiwan, the State Administration of Foreign Exchange said in a statement.
Of the total outstanding external debt, registered external debt reached US$495.07 billion, while the balance of trade credit between enterprises totaled US$290.1 billion.
Most of the debt owed to foreign creditors resulted from short-term borrowing, as outstanding external debt with a term of one year or less amounted to US$588.22 billion, or 75 percent of the total, up from 74.2 percent at the end of March, according to SAFE.
Long- and medium-term external debt outstanding totaled US$196.95 billion.
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