China's Foreign Debt Hits US$642.53 Bln at End-Jun

Sep. 20, 2011 (China Knowledge) - China's foreign debts totaled US$642.53 billion as of the end of June 2011, the State Administration of Foreign Exchange said last week.

The figure, which excluded foreign debts of Hong Kong Special Administrative Region, Macau SAR and Taiwan, was 9.65% more than the US$585.97 billion foreign debt at the end of March.

The country's registered foreign debt was US$402.83 billion, of which about 78.27% was denominated in U.S. dollar, 7.99% in Japanese yen and 4.09% in Euro. The ratio of U.S.-dollar debt rose 7.86 percentage points from the end of 2010, while the ratios of Japanese yen debt and Euro debt dropped 0.57 percentage points and 0.32 percentage points from the end of 2010, respectively.

The country's international commercial loans were US$334.64 billion at the end of June, accounting for 83.07% of the total registered foreign debt.

At the end of June, long-term and medium-term foreign debt was US$180.42 billion, accounting for 28.08% of the country's total foreign debt.

Short-term debt, which accounted for 71.92% of the total, was US$462.11 billion at the end of June.