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China's foreign debts exceed US$300 billion
Latest Updated by 2006-12-31 09:46:58
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At the end of September this year, China's outstanding foreign debts amounted to US$304.976 billion (excluding those of Hong Kong, Macao and Taiwan regions), which is $23.931 billion or 8.52 percent more than at the end of 2005, the State Administration of Foreign Exchange announced in Beijing on Thursday.

Medium and long-term debts accounted for $136.387 billion, an increase of $11.485 billion. Short-term debts comprised $168.589 billion or 55.28 percent of the total.

Of the total $207.876 of registered debts, sovereign debt ¨C borrowed by ministries under the State Council ¨C was $33.888 billion, 16.3 percent of the total, while the amount borrowed by financial institutions was $66.041 billion, or 31.77 percent. Foreign-funded enterprises borrowed $57.227 billion, accounting for 27.53 percent, and debt owed by foreign financial institutions in China reached $46.707 billion, 22.47 percent. Domestic enterprises borrowed $3.746 billion, or 1.8 percent of the total; leasing companies borrowed $97.1 billion and other institutions $267 million.

Editor: Yan

By: Source: China View website
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