BIZCHINA> Center
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China's foreign debt rises to $442b at end-Sept
(Xinhua)
Updated: 2008-12-27 11:59 China's outstanding foreign debt was $441.95 billion through September, up about 18.3 percent from the end of 2007, the State Administration of Foreign Exchange (SAFE) said on Friday. The figure excluded Hong Kong, Macao and Taiwan.
Short-term debt was $280 billion, up 27.24 percent from the end of last year. The SAFE figures showed the country's registered foreign debt had reached $288.15 billion by the end of September. Of the total, sovereign debt accounted for nearly 12 percent. Debt owed by Chinese financial institutions was $108.22 billion, or 37.56 percent of the total. Debt of foreign-invested enterprises was $93.21 billion, or 32.35 percent. The SAFE said new debt reached $27.38 billion, including medium- and long-term foreign debt, in the first nine months, up 7.49 percent year-on-year. China repaid $13.78 billion of principal on medium- and long-term debt in the first nine months, down 6.62 percent year-on-year. It also repaid $2.96 billion in interest on medium- and long-term debt, up 10.88 percent year-on-year. (For more biz stories, please visit Industries)
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