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China's outstanding external debt up 7%

(Xinhua)
Updated: 2007-12-30 09:28

China's State Administration of Foreign Exchange announced on Saturday that outstanding external debt, excluding Hong Kong, Macao and Taiwan, stood at $345.7 billion as of the end of September, up 7.03 percent, or $22.7 billion, compared with the end of 2006.

During the period, outstanding medium- and long-term external debt rose 6.23 percent to $148 billion, while short-term external debt, which accounted for 57 percent of the total, was $197.7 billion, up 7.64 percent.

The statistics showed that China had incurred medium- and long-term foreign debt of $25.47 billion from January to September, up 55.6 percent, or $7.65 billion, over the same period last year.

During that time, it paid $14.76 billion of principal and $2.67 billion of interest on its debt, up 18.33 percent and 44.19 percent from the corresponding period last year, respectively.