China’s foreign debts rose to 697.2 billion U.S. dollars at the end of September from the 642.5 billion three months earlier, China’s State Administration of Foreign Exchange (SAFE) said on Tuesday.

Short-term debts were 507.6 billion U.S. dollars, accounting for 72.8 percent of total foreign debt, up 4.4 percent from the end of 2010, the SAFE said in a statement.

Of short-term debts, the trade-related outstanding credit was 375 billion U.S. dollars, accounting for 73.87 percent.

“The rise of short-term debts won’t affect China’s debt security,” because the growth is basically in line with growth in the foreign trade, according to the statement.

Of the outstanding registered foreign debt at the end of September, 75.8 percent was denominated in U.S. dollars, up 5.4 percentage points from the end of last year, while euro-denominated debt accounted for 7.21 percent from 4.41 percent at the end of last year, the SAFE said.

In the January-September period this year, new medium and long-term foreign debts stood at 33.95 billion U.S. dollars, up 21.91 percent.