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China's foreign debt rises in Jan-Sept

(Xinhua)
Updated: 2010-01-07 10:57
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China's State Administration of Foreign Exchange (SAFE) announced Wednesday that by the end of September, the outstanding amount of China's foreign debt stood at $386.77 billion, increased $12.11 billion, or 3.23 percent from the end of 2008.

China's foreign debt rebounded for the first time since the fourth quarter of 2008. The outstanding amount of foreign debt stood at $360.58 billion by the end of June.

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The SAFE said that China's mid- and long-term foreign debt outstanding reached $164.79 billion by the end of September, taking up 42.61 percent of the total. It was up 0.56 percent, or $917 million from the end of 2008.

Short-term debt rose 5.31 percent, or $11.19 billion to $221.98 billion, accounting for 57.39 percent of the total.

During January to September period, new mid- and long-term debts totaled at $13.85 billion, down $13.54 billion, or 49.43 percent.
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