Chinas foreign debt hits USD771.9 b

(MENAFN) The top foreign exchange regulator said that Chinas debt to foreign lenders was at USD771.95 billion at the end of June 2013, Qatar News Agency reported. The State Administration of Foreign Exchange released data revealing that, of the total debt, USD403.31 billion are international commercial loans and 59.14 billion are loans from foreign governments and international financial organizations, while USD309.5 are from trade loans between companies. Around 80.79 percent of Chinas foreign debt was denominated in the US currency, while the Euro and the Japanese yen comprised 5.96 percent and 5.53 percent respectively. Debts from Hong Kong, Macao and Taiwan were not calculated into the data.