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Home / Metal News / China's Foreign Debt Exceeds $443b

China's Foreign Debt Exceeds $443b

iconJul 5, 2010 09:46
Source:SMM
BEIJING, July 5 -- China's foreign debt stood well over $443.2 billion at the end of March, the State Administration of Foreign Exchange (SAFE) said in a statement on its website Friday.
 
The figure excluded the Hong Kong Special Administrative Region (HKSAR), Macao SAR and Taiwan.
The country's registered foreign debt was equivalent to $276.44 billion and outstanding trade credits stood at $166.8 billion, according to SAFE. It did not provide year-on-year growth figures.
 
Medium- and long-term external debt, accounting for 37.69 percent of all outstanding foreign debt, totaled $167.03 billion.
Short-term external debt was $276.2 billion, accounting for 62.31 percent of total debt.
 
The nation repaid $5.63 billion in principal on medium- and long-term debt in the first three months of the year, down 15.3 percent year on year.
 
It paid $694 million in interest on medium- and long-term debt in the period, down 13.79 percent year on year.
 

 

China economy macroeconomy
foreign debt

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