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English > Politics > Politics-Breakingnews>China's Foreign Debt Down

China's Foreign Debt Down

07-02 13:59 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-07-01/110191915.html

» China's foreign debt stood at US$ 336.7 billion at the end of March, down 10.1 percent from the end of 2008, the State Administration of Foreign Exchange said on its website on July 1.
» Short-term foreign debt, an index of capital used to speculate on the yuan's appreciation, fell by 17.7 percent to US$173.5 billion over the end of 2008. Short-term debt accounted for 51.5 percent of total foreign debt, the statement added.
» Medium to long-term debt stood at US$163.3 billion at the end of March, down 0.4 percent.
» An analyst from the central bank attributed the decline to the shrink of trade finance in the first quarter.
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