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China Q1 external debt falls to $336.72 billion

2009-07-02 15:33:31
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BEIJING : China’s State Administration of Foreign Exchange (SAFE) said country’s outstanding external debt reached $336.72 billion by the end of March, down 10.13 percent from the end of last year.

Long and medium-term external debt, which accounted for 48.48 percent of the total, stood at $163.25 billion, down 0.38 percent, or $623 million.

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Short-term external debt fell 17.7 percent or $37.32 billion from the end of last year to $173.47 billion.

The newly-added mid-and-long-term debts declined by 50.90 percent year on year, or $3.94 billion , to $3.80 billion in the three-month period.

The nation repaid principals for long and medium-term debt of $6.65 billion ,up 44.77 percent and interests $805 million, down 27.22 percent, the SAFE said.

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