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China’s external debt stands at $1.68 trillion in June

Updated: Oct 2,2015 2:05 PM     Xinhua

BEIJING — China’s outstanding foreign debt settled at around $1.68 trillion by the end of June, slightly up by $6.9 billion from the end of March, data from the country’s forex regulator showed.

Most of the debt owed to foreign creditors, or around 70 percent of the total foreign debt, resulted from short-term borrowing, as outstanding external debt with a term of one year or less amounted to about $1.17 trillion, while long- and medium-term outstanding external debt came in at $510 billion, the State Administration of Foreign Exchange (SAFE) said in a statement on its website.

In terms of currency structure, debt denominated in US dollars accounted for 80 percent of the outstanding registered external debt, and that in euros and Japanese yen accounted for 6 percent and 4 percent, respectively.

The amount does not include the outstanding external debt of the Hong Kong and Macao special administrative regions or that of Taiwan, SAFE said.

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