20 August 2019

China external debt on the rise, paper says

China’s outstanding foreign debt was US$863.2 billion by the end of 2013, up 17 percent from the previous year, China Daily reported Monday, citing data from the country’s forex regulator. The amount does not include the outstanding external debt of the Hong Kong and Macau special administrative regions or that of Taiwan. Registered external debt was US$526.7 billion while the balance of trade credit between businesses came to US$336.5 billion. Most of the debt owed to foreign creditors resulted from short-term borrowing. Outstanding external debt with a term of one year or less was US$676.6 billion while long and medium-term outstanding external debt came in at US$186.5 billion, the report said.

– Contact HKEJ at [email protected]


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