BIS: Dependence on foreign credit is risky

Increased cross-border lending may pose long-term concerns, bank says

Indicators are sending worrisome signals on increased cross-border lending to China's enterprises, a large portion of which is short-term and may increase liquidity tensions in the financial markets, according to reports from the Bank for International Settlements.

By the end of last year, China's external debt totaled $863.2 billion, up 17 percent year-on-year, according to the State Administration of Foreign Exchange.