China’s outstanding foreign debt stands at US$876b
Print Edition
CHINA’S outstanding foreign debt hit 5.44 trillion yuan (US$876 billion) at the end of March, the State Administration of Foreign Exchange said yesterday.
The figure is about 3.3 percent, or 175.1 billion yuan, above that at the end of last year. But it does not include the outstanding external debt of Hong Kong and Macau or that of Taiwan, SAFE said in a statement on its website.
Registered external debt hit 3.48 trillion yuan while the balance of trade credit between businesses came to 1.96 trillion yuan.
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 totaled 4.25 trillion yuan, while long- and medium-term ones came in at 1.19 trillion yuan.
Debt denominated in US dollars accounted for 81.32 percent of the outstanding registered external debt.
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