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Home >> Business
UPDATED: 10:18, October 07, 2005
China's foreign debts increase 7.5 percent in first half year
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China's foreign debts (excluding those in Hong Kong, Macao and Taiwan) totaled 266.18 billion US dollars at the end of June this year, up 7.5 percent over the end of last year.

Latest figures from the State Administration of Foreign Exchange show that mid- and long-term foreign debts rose 539 million US dollars to 124.83 billion dollars, accounting for 46.9 percent of the total.

Short-term debts increased by 18.15 billion dollars over the end of 2004 to 141.38 billion dollars, making up 53.1 percent of the total.

Among all the foreign debts, those registered totaled 190.68 billion US dollars, and trade debts were 75.5 billion US dollars. The net inflow of foreign debts during the first half of this year were 8.42 billion US dollars, down 63.04 percent from the same period last year.

China's foreign debts soared by record 35 billion dollars in 2004, up 18 percent over 2003.

Source: Xinhua


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