The balance of China's foreign debt increased by 20% to $1 trillion and 710 bill
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China's State Administration of foreign exchange on Thursday said that as of the end of 12 2017, China's total external debt balance was 17106 billion, which increased by 294 billion 800 million compared with the end of 2016, up by 20.8%. However, the Bureau of foreign affairs explained that the above indicators were within the internationally recognized safety line, and China's foreign debt risk was generally controlled.
At the end of 2017, China's debt rate was 14%, the debt rate was 71%, the debt repayment rate was 7%, and the ratio of short-term foreign debt to foreign exchange reserves was 35%.
In the quarterly report, the responsible person in charge of foreign trade said that the growth of foreign debt in 2017 was mainly in the two or three quarter, which increased by 124 billion 900 million US dollars and 117 billion 200 million US dollars respectively. The fourth quarter external debt balance increased by 35 billion 500 million US dollars, and the growth rate slowed down obviously.
"In 2017, the growth of foreign debt was mainly the result of two factors superimposed on the smooth operation of the macro-economy and the release of the policy dividend." The person in charge.
Data show that from the end of last year, from the perspective of currency structure, the balance of foreign currency in the local currency was 569 billion 200 million US dollars, accounting for 33%, while the foreign currency external debt balance (including SDR distribution) was 11414 billion US dollars, accounting for 67%. In the foreign currency registration, the foreign debt is 82%, the euro debt is 9%, the Japanese debt is 2%, and the sum of the special drawing right and other foreign currency debts is 7%.
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