China’s foreign debt rises to $765 bn

By IANS,

Beijing: China’s outstanding foreign debt hit $764.97 billion by the end of March, up from about $737 billion at the end of 2012, the country’s forex regulator said Friday.

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The country’s outstanding long and medium-term foreign debt stood at about $199 billion, up from about $197.06 billion at the end of December, reported Xinhua citing the State Administration of Foreign Exchange (SAE) in a statement.

Outstanding short-term foreign debt, due within one year, rose to about $566 billion from $541 billion at the end of last year, it said.