China foreign debt falls to $374.7 bln at end-2008
Published: 23 Apr 2009 18:14:06 PSTBEIJING, April 24 - China's foreign debt stood at $374.66 billion at the end of December, down from $442.0 billion at the end of September, the State Administration of Foreign Exchange (SAFE) said on Friday.
The end-December level was up 0.28 percent from the end of 2007, the foreign exchange regulator said on its website (www.safe.gov.cn).
Short-term foreign debt, an indicator of inflows of capital speculating on yuan appreciation, fell to $210.79 billion at the end of December from $280.0 billion at the end of September.
That amounted to 56.3 percent of the total.
SAFE also reported that China's current account surplus rose to $426.1 billion in 2008 from $371.8 billion in 2007.
The surplus on the capital and financial account shrank to $18.9 billion from $73.5 billion in 2007.
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