China's Foreign Debt Exceeds US$170 Billion |
 At the end of June this year, China's outstanding foreign debt exceeded 170.41 billion U.S. dollars, China's central bank PBOC announced in Beijing on Thursday. Spokesman for the central bank China's foreign debt increased somewhat under the new international standards, all safety indices are still within the safety line drawn by international standards
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According to the Thursday's announcement by People's Bank of China, that at the end of June this year, China's outstanding foreign debt stood at 170.41 billion U.S. dollars. The statistics excludes the amounts owed by Hong Kong and Macao special administrative regions and Taiwan Province.
Figures and statistics
Of the total debt, medium and long-term debt accounted for 112.88 billion U.S. dollars while short-term debt came to 57.53 billion U.S. dollars.
Sovereign debt borrowed by ministries under the State Council was 49.69 billion U.S. dollars; while that borrowed by Chinese financial institutions was 33.76 billion dollars. Foreign-funded enterprises borrowed 34.7 billion dollars; domestic enterprises borrowed 11.6 billion dollars, and leasing companies and other institutions, 760 million dollars.
In addition, the debt owed by foreign financial institutions in China was 16.12 billion U.S. dollars; the offshore deposits absorbed by Chinese financial institutions, 510 million dollars; and the outstanding trade credit, 23.9 billion dollars.
safety line maintained
A spokesman for the central bank told the journalist that all safety indices are still within the safety line drawn by international standards although China's foreign debt increased somewhat under the new international standards.
Disparity to be eliminated
According to the spokesman, China began to publish foreign debt data in accordance with international standards in a bid to eliminate the disparity between China's original statistical standards and the international standards that are newly formulated during the past a few years.
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