USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Finance

China sees steady increase in external debt

Xinhua | Updated: 2017-09-30 09:54

BEIJING — China's outstanding external debt continued to grow in the second quarter as the economy firms up, the country's foreign exchange regulator said Friday.

The debt settled at $1.56 trillion at the end of June, up 8.7 percent from a quarter earlier, the State Administration of Foreign Exchange (SAFE) said in a statement.

The majority of China's external debt owed to foreign creditors results from short-term borrowing, while long- and medium-term outstanding external debt accounted for 36 percent, SAFE data showed.

The SAFE attributed the growth of external debt to steady economic growth and stable foreign trade in the first half as well as the central government's efforts to facilitate cross-border financing.

The SAFE predicted steady growth of external debt as China's economic fundamental remains solid.

It also promised better debt management and strengthened supervision of capital flow.

Most Viewed in 24 Hours
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US