Source: CCTV.com

07-05-2008 13:13

China's outstanding foreign debts hit more than 390 billion US dollars by the end of March, a rise of almost 19 billion US dollars across the first quarter.

The Foreign Exchange Regulator also says the total amount of mid to long term foreign debt stood at almost 156 billion US dollars, an increase of 2.3 billion dollars from the end of last year. But short term debt accounted for just over 60 percent of China's total foreign debt by the end of March. It also made up a significant 88 percent of the increase across the first three months. And that is worthy of note, given that short-term debt is usually taken as an indicator of capital inflows speculating on a stronger yuan.

China has been making an active effort to limit inflows of speculative money by curbing short-term loans in foreign exchange.

 

Editor:Zhang Ning