China’s foreign debt at RMB9.7318 trln by end Sept., SAFE

BEIJING, Dec. 30 (Greenpost) — China’s foreign debt totaled 9.7318 trillion yuan or 1.5298 trillion U.S. dollars by the end of September, 2015, according to statistics released by State Administration of Foreign Exchange (SAFE) Wednesday.

The total comprised 33 percent or 3.2207 trillion yuan (506.3 billion U.S. dollars) of mid- and long-term debt and 67 percent or 6.5111 trillion yuan (1.0235 trillion US dollars) of short term debt, of which 49 percent was trade-related lending.

Categorized by debtors, seven percent of the total foreign debt or 666.5 billion yuan, equal to 104.8 billion U.S. dollars, was borrowed by the public sector; three percent or 259.9 billion yuan was borrowed by the central bank; 46 percent or 4.4758 trillion yuan was borrowed by banks; 31 percent or 3.0239 trillion yuan was borrowed by other departments; the remaining 13 percent or 1.3057 trillion yuan was direct investment or inter-company loans.

By debt forms, the total foreign debt consisted of 25 percent or 2.4367 trillion yuan in loans, 19 percent or 1.8111 trillion yuan in trade credits and advance balances, 25 percent or 2.4687 trillion yuan in currency and deposits, 16 percent or 1.5474 trillion yuan in debt securities, 1 percent or 62.4 billion yuan in SDR, 13 percent or 1.3057 trillion yuan in direct investment or inter-company loans and 1 percent or 99.8 billion yuan in other debts.

By currencies, 47 percent or 4.6161 trillion yuan of the debt was Renminbi-denominated and 53 percent or 5.1157 trillion yuan was foreign-currency-denominated, of which 80 percent was U.S. dollar-denominated, four percent Japanese yen-denominated, and seven percent Euro-denominated. (Edited by Duan Jing, duanjing@xinhua.org)

Source Xinhua,  Editor Xuefei Chen Axelsson

Leave a Reply