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Monday, November 01, 1999, updated at 10:14(GMT+8)
Business China's foreign debt stands at US$148 billion

The Chinese State Administration of Foreign Exchange (SAFE) announced in Beijing on October 29 that by the end of June, the outstanding amount of China's registered foreign debt was US$148.77 billion, an increase of US$2.73 billion or 1.9 percent up over the end of last year.

Statistics released by the SAFE show that among the total foreign debt, US$131.67 billion were medium and long-term, up US$2.97 billion from the end of last year; while short-term debt was US$17.1 billion US dollars, down US$240 million.

In the first six months of this year, China borrowed new debt of US$13.5 billion, and repaid principals of US$12.19 billion.

The outstanding amount of China's sovereign debt was US$42.97 billion, increasing by 3.2 percent over the end of last year; the debt borrowed by domestic financial institutions was US$41.96 billion, basically the same as the end of last year; the debt borrowed by foreign-funded enterprises was US$47.13 billion, up 4.2 percent; the debt of domestic enterprises was US$14.96 billion, down 3.5 percent; while the debt of other institutions was US$1.75 billion, up 4.8 percent.

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