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25 days ago
China's foreign debt rises 7.5 percent in the third quarter to $1.68 trillion
Forex Market News - China's foreign debt rises 7.5 percent in the third quarter to $1.68 trillion: regulator



China's outstanding foreign debt rose 7.5 percent in the third quarter to $1.68 trillion, the foreign row regulator said on Thursday, slowing from an 8.7 percent rise in the second quarter.

The rise in foreign debt was mainly driven by debt securities, as more foreign institutions entered China's debt sky, and moreover, by trade report and pre-payments, the State Administration of Foreign Exchange (SAFE) said.

"Demand for mad-secure financing in the real economy has been gradually rising as the two-mannerism fluctuations of the yuan dispute rate amass significantly even though the disagreement rate is received to be generally stable," it said.

Some analysts believe China's capital controls may have goaded firms to roll sophisticated than their dollar debt, and Chinese authorities may urge on more dollar borrowings to shore going on the yuan.

Outstanding sudden-term foreign debt stood at $1.09 trillion at the fade away of September, accounting for 65 percent of quantity debt, the regulator said.

Yuan-denominated foreign debt made up for 33 percent of conclusive foreign debt at the decline of September, its add-on.


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