BIZCHINA / Top Biz News |
Foreign debt up 14.9% in 2006(Xinhua)Updated: 2007-04-20 14:55 China's foreign debt stood at 323 billion U.S. dollars at the end of 2006, up 14.9 percent on the previous year, according to the State Administration of Foreign Exchange (SAFE). The SAFE announced Thursday that of the total foreign debt, 139 billion U.S. dollars was medium to long-term debt, up 14 billion dollars or 11.5 percent; while short-term debt was 184 billion dollars, up 27.5 billion dollars or 17.6 percent. The amount of sovereign debt was 34 billion dollars, accounting for 16 percent of the total; foreign invested enterprises accounted for 61 billion dollars, or 28 percent; and foreign financial institutions in China made up 23 percent, at 50 billion dollars, according to the SAFE. Preliminary statistics show that in 2006 all of China's foreign debt indices were under the international standard safety line. (For more biz stories, please visit Industry Updates) |
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