China’s foreign debt stood at US$771.95 billion as of the end of June, Xinhua news agency reported Monday, citing data from the State Administration of Foreign Exchange (SAFE). Of the total, US$403.31 billion were international commercial loans while US$59.14 billion were loans extended by foreign governments and international financial organizations, the report said. Meanwhile, US$309.5 billion were debts stemming from trade loans between companies, the data showed. About 80.79 percent of the nation’s foreign debt was denominated in the US dollar, followed by the euro, which accounted for 5.96 percent, and the Japanese yen, which accounted for 5.53 percent.
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