This ad will auto close in 10 seconds

China's foreign debt at $771.95 bn at June-end

Last Updated: Monday, September 30, 2013 - 20:06

Beijing: China's foreign debt stood at USD 771.95 billion at the end of June this year, as per the data released by the country's foreign exchange regulator on Monday.

Of the total debt, USD 403.31 billion are international commercial loans and USD 59.14 billion are loans extended by foreign governments and international financial organisations, the State Administration of Foreign Exchange said.

Also USD 309.5 billion debts stemmed from trade loans between companies, reported state-run Xinhua news agency quoting the data.

The majority, or 80.79 percent of the nation's foreign debt was denominated in the US dollar, followed by the euro, which accounted for 5.96 per cent in China's foreign debt structure, and the Japanese yen, which accounted for 5.53 percent, the data showed.

The foreign debt data calculation did not cover debts from China's Hong Kong, Macao and Taiwan.

China currently has about USD 3.30 trillion foreign exchange reserves.


First Published: Monday, September 30, 2013 - 20:06
comments powered by Disqus