ChinaUS EUROPEASIA 中文双语Français
Business\Markets

China outstanding external debt rises in Q3

Xinhua | Updated: 2017-01-03 10:26

BEIJING - China's outstanding external debt reached $1.43 trillion at the end of September.

This represents a 3-percent rise from $1.39 trillion at the end of June, according to the State Administration of Foreign Exchange (SAFE) website.

The steady increase in outstanding external debt shows that the sector has almost finished deleveraging.

China's external debt will continue to rise at a steady pace, making the country's international payments more balanced.

In a separate statement, SAFE said external financial assets of China's banking sector stood at $828 billion at the end of September.

The sector's external liabilities amounted to $980 billion, resulting in net liabilities of $152 billion.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US