The balance of China’s foreign debt totaled $695 billion at the end of 2011, including $445.80 billion worth of registered foreign debt and $249.2 billion of trade credit, according to the State Administration of Foreign Exchange.

Mid and long-term foreign debt totaled $194.1 billion, while short-term foreign debt hit $500.9 billion.

The balance of trade-related credit accounted for 74.01 percent of total short-term foreign debt.

Of the registered foreign debt, domestic financial institutions owed $211.95 billion, accounting for 47.54 percent. Foreign financial institutions in China owed $13.64 billion, a proportion of 30.59 percent.

Dollar-denominated debt accounted for 75.94 percent of the total registered foreign debt, while the proportion of debt denominated in yen and euros were 8.06 percent and 7.49 percent, respectively.

Of the registered mid and long-term foreign debt, 25.2 percent were injected into the manufacturing sector, while the real estate sector obtained 4.87 percent of the amount.

Source:capitalvue.com