China's foreign loans stand at $298b by June
Xinhua, Beijing
China's outstanding foreign loans had reached 297.944 billion US dollars by the end of June, up 6.01 percent or 16.899 billion US dollars over the end of last year, according to a press release of the State Administration of Foreign Exchange.Outstanding short-term loans that should be serviced within a year were valued at 166.294 billion US dollars, representing an increase of 10.151 billion US dollars, or 6.50 per cent, over the end of last year. Outstanding loans for long and medium terms in contrast stood at 131.650 billion US dollars, up 5.40 per cent for an increase of 6.748 billion US dollars over the end of 2005.
|
|
