China's foreign debt rises in first 3Qs

07:32, January 07, 2010      

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China's State Administration of Foreign Exchange (SAFE) announced on Wednesday that by the end of September, the outstanding amount of China's foreign debt stood at 386.77 billion U.S. dollars, an increase of 12.11 billion U.S. dollars, or 3.23 percent from the end of 2008.

China's foreign debt rebounded for the first time since the fourth quarter of 2008. The outstanding amount of foreign debt stood at 360.58 billion U.S. dollars by the end of June.

The SAFE said that China's mid- and long-term foreign debt outstanding reached 164.79 billion U.S. dollars by the end of September, taking up 42.61 percent of the total. It was up 0.56 percent, or 917 million U.S. dollars from the end of the last year.

Short-term debt rose 5.31 percent, or 11.19 billion U.S. dollars. to 221.98 billion U.S. dollars, accounting for 57.39 percent of the total.

During January and September, new mid- and long-term debts totaled at 13.85 billion U.S. dollars, down 13.54 billion U.S. dollars, or 49.43 percent.

Source: Xinhua
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