China's foreign debt up 15.68% in 2007

MNB

China's foreign debt reached $373.62 billion at the end of 2007, up 15.68% over the previous year, the State Administration of Foreign Exchange (SAFE) announced.

China's medium and long-term borrowing totaled $153.53 billion at the end of last year, an increase of $14.17 billion, or 10.17%, according to the SAFE.

Meanwhile, the country's short-term borrowing increased $36.46 billion to $220.08 billion, up 19.85%.

Of the total external debt, $34.89 billion was the sovereign debt; foreign invested enterprises accounted for $74 billion; and the amount for foreign financial institutions in China was $46.31 billion.

Preliminary statistics showed all of China's foreign debt indices were under the international standard safety line in 2007,the SAFE said. (Xinhua)

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

New financial director at Heineken Hungária Appointments

New financial director at Heineken Hungária

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.