China's foreign debt up 14.9 per cent in 2006
The amount of sovereign debt was $34 billion, accounting for 16 per cent of the total; foreign invested enterprises accounted for $61 billion, or 28 per cent; and foreign financial institutions in China made up 23 per cent, at $ 50 billion.
By PTI |
Beijing: China's foreign debt stood at $323 billion at the end of 2006, up 14.9 per cent on the previous year, the forex watchdog said. Of the total foreign debt $ 139 billion was medium to long-term debt, $ 4 14 billion or 11.5 per cent; while short-term debt was $184 billion, up $ 27.5 billion or 17.6 per cent, the State Administration of Foreign Exchange (SAFE) said.
The amount of sovereign debt was $34 billion, accounting for 16 per cent of the total; foreign invested enterprises accounted for $61 billion, or 28 per cent; and foreign financial institutions in China made up 23 per cent, at $ 50 billion. Preliminary statistics show that in 2006 all of China's foreign debt indices were under the international standard safety line.
The amount of sovereign debt was $34 billion, accounting for 16 per cent of the total; foreign invested enterprises accounted for $61 billion, or 28 per cent; and foreign financial institutions in China made up 23 per cent, at $ 50 billion. Preliminary statistics show that in 2006 all of China's foreign debt indices were under the international standard safety line.
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