China’s foreign debts total $751 bn

June 26th, 2012 - 5:12 pm ICT by IANS  

Beijing, June 26 (IANS) China’s outstanding external debts totalled $751.26 by the end of March, the foreign exchange regulator said Tuesday.

Medium and long-term foreign debts totalled $193.56 billion, while short-term debts stood at $557.7 billion, according to the State Administration of Foreign Exchange.

Of the registered external debts, which stood at $480.16 billion, 76.67 percent were US dollar-denominated debts, while 7.05 percent and 8.23 percent were yen- and euro-denominated debts, respectively, Xinhua reported.

In the first quarter, China repaid principals totalling $5.99 billion for medium and long-term debts, up 30.25 percent year-on-year. And the interest paid during the period totalled $559 million, up 21.52 percent.

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