china\s foreign debt stands at 772 bn
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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China's foreign debt stands at $772 bn

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Arab Today, arab today China's foreign debt stands at $772 bn

Beijing - XINHUA

China's top foreign exchange regulator said Monday that the amount of debt China owes foreign lenders stood at 771.95 billion US dollars as of the end of June in 2013. Of which, 403.31 billion US dollars were international commercial loans and 59.14 billion US dollars were loans extended by foreign governments and international financial organizations, according to data released by the State Administration of Foreign Exchange. Meanwhile, 309.5 billion US dollars were debts stemming from trade loans between companies, the data showed. The majority, or 80.79 percent of the nation's foreign debt was denominated in the US dollar, followed by the Euro, which accounted for 5.96 percent in China's foreign debt structure, and the Japanese yen, which accounted for 5.53 percent, the data showed. The foreign debt data calculation did not cover debts from China's Hong Kong, Macao and Taiwan.

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