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China's Foreign Debt Stands at US$169.11b
China's foreign debt had stood at US$169.11 billion by the end of June this year, a drop of US$1 billion, or 0.6 percent, from that at the end of last year, the State Administration of Foreign Exchange said Saturday.

Official statistics, which do not include Hong Kong, Macao and Taiwain, show that medium- and long-term debt accounted for 69.4 percent of the total to stand at US$117.31 billion, down by US$2.22 billion from the end of last year.

The amount of short-term foreign debt was US$51.8 billion, up by US$1.22 billion, and accounted for 30.6 percent of the total.

In the first six months of this year, China acquired new foreign debt of US$24.76 billion, and repaid principals of US$32.38 billion.

In China's registered foreign debt of US$144.41 billion, the amount of sovereignty debt accounted for US$49.68 billion, 34.4 percent of the total; that owed by domestic financial institutions was US$33.56 billion, 23.2 percent of the total; that owed by foreign-invested enterprises was US$34.68 billion, 24 percent of the total; that owed by domestic enterprises was US$10.37 billion, 7.2 percent of the total; that owed by foreign-invested financial institutions was US$15.49 billion, 10.7 percent of the total; and that owed by other institutions was US$0.63 billion, 0.5 percent of the total.

(People's Daily September 29, 2002)

Foreign Debt Rule to Benefit Enterprises
China's Foreign Debt Exceeds US$170 Billion
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