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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China's foreign debt soars: state media AFP - 1 hour 57 minutes ago BEIJING (AFP) - - China's foreign debt has increased by more than 18 percent in the first nine months of the year, with short-term debt rising especially fast, according to state media report. At the end of September, overseas borrowing stood at 442 billion dollars, a rise of 18.3 percent from the end of last year, the Xinhua news agency said, quoting the State Administration of Foreign Exchange. It did not offer an explanation for the rise. Short-term debt -- defined as loans with maturities of less than one year -- had risen particularly fast, increasing by 27.2 percent over the nine-month period to 280 billion dollars, according to Xinhua. Medium- to long-term debt was up by a more moderate 5.5 percent to 162 billion dollars, according to Xinhua. Despite the growth in overseas borrowing, the world's fourth-largest economy remains in a position to service its debt, as it also holds the world's largest foreign exchange reserves. Fuelled by its large trade surplus, China's forex reserves reached 1.9 trillion dollars in late September, according to the latest figures available. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy SKorea's economy may further slow down in 2009AP - 51 minutes ago SKorea's economy may contract in first half of 2009: presidentAFP - 1 hour 43 minutes ago China's foreign debt soars: state mediaAFP - 1 hour 57 minutes ago China to offer incentives to scrap old cars: state mediaAFP - Saturday, December 27 Related Articles: Business Hong Kong airport baggage handlers launch strikeAP - 38 minutes ago SKorea's economy may further slow down in 2009AP - 51 minutes ago SKorea's economy may contract in first half of 2009: presidentAFP - 1 hour 43 minutes ago China's foreign debt soars: state mediaAFP - 1 hour 57 minutes ago Malaysia Petronas Gas to call bids for new plant-reportReuters - Saturday, December 27 Enlarge Photo China's foreign debt soars: state media Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Actress Jennifer Aniston appears naked in GQ magazine Australian 'mummy smuggler' arrested in Cairo US retail sales data deepens year-end gloom Funeral of Guinea strongman as junta tightens grip French investor takes life after massive losses in Madoff scandal View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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