China's external debt stands at $770.83 billion
The outstanding external debt amounted to USD 770.83 billion as of the end of September, the country's foreign exchange regulator said today.
The amount fell from the USD 785.17 billions recorded at the end of June and does not include the outstanding external debts of the Hong Kong Special Administrative Region (SAR), the Macao.
Outstanding long and medium-term foreign debt stood at USD 198.02 billion by the end of September, while the figure for short-term foreign debt was USD 572.82 billion, state-run Xinhua news agency reported.
Of the total outstanding external debt, registered external debt reached USD 471.33 billion, while the balance of trade credit between enterprises amounted to USD 299.5 billion.
In terms of currency structure, debt in US dollars accounted for 77.45 per cent of the outstanding registered external debt, down 0.32 percentage points from the end of June.
China accrued medium- and long-term external debt amounting to USD 30.99 billion in the first nine months, and it repaid USD 23.43 billion in principal and USD 1.75 billion in interest during the period, the report said.
A recent report said China's corporate debt ratio, currently world's highest, has reached "dangerous levels".
Experts have warned that any stimulus measures to boost domestic demand to compensate falling exports could add heavy strain on corporate firms.
China's corporate debt-to-GDP ratio stood at 107 per cent in 2011, the highest in the world, Li Yang,
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