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China foreign debt rises to $427 bln through June
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08:14, October 08, 2008

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 Foreign debt grows
 China's short-term foreign debt hits new high
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China's outstanding foreign debt was at 427.43 billion U.S. dollars through June, 14.4 percent higher than the second half of 2007, the State Administration of Foreign Exchange said on Tuesday.

The figure excluded the foreign debt of Hong Kong, Macao and Taiwan.

Of the total, medium- and long-term foreign debt stood at 162.07 billion U.S. dollars, up 5.56 percent from the end of 2007.Short-term debt was at 265.37 billion U.S. dollars, an increase of20.57 percent.

China newly borrowed 19.51 billion U.S. dollars of medium- and long-term foreign debt in the first half, up 26.91 percent from the same period last year.

The nation paid back 8.77 billion U.S. dollars of principal on medium- and long-term debt in the first six months, down 20.28 percent from a year earlier.

In addition, it paid back 1.92 billion U.S. dollars in interest on medium- and long-term debt, up 10.23 percent year-on-year.

Source:Xinhua



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