China Financial News Headlines

October 7, 2008

External Debt of China, Georgia, and Korea

Filed under: financial news — Tags: , — Nancy @ 10:10 am -0500

62.08%! Proportion of Chinese Short-term External Debt Breaks a New Record in First Half of this Year
State Administration of Foreign Exchange announced the data on October 7 that until the end of June, 2008, China short-term was 265365 million USD, which increased 20.57% of the end of last year and accounted for 62.08% of balance, so it created the new record again.

Chinese External Debt Balance exceeds 420 billion USD
State Administration of Foreign Exchange announced the data on Oct. 7 that at the end of June this year China foreign debt is about 427.4 billion USD, which increases 14.4% compared with the end of last year. The data also shows that the medium and long-term balance and short-term foreign debt balance all have increased.

Until June 30, 2008, Total External Debt of Georgia was 6675.4 million USD
According to the statistics of Georgian Central Bank, until June 30, 2008, the total of Georgia was 6675.4 million USD.

External Debt of North Korea is 18 billion USD
Korean Media reported on October 7 reported that a congressman of North Korea disclosed North Korean foreign debt reached 18 billion USD, which is equivalent to the 2007 gross domestic product of North Korea.

Korean Government: Foreign Investors have excessive Worry on External Debt Compensation Risks
The South Korean Government reiterated on Oct.7 that the foreign investors have excessive worry on compensation risks. Once the current items of Korea turn to surplus, supply and demand situation of U.S. dollar against won could be significantly improved.

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1 Comment »

  1. In order to keep anything cultural, logical, or ideological, you have to reinvent the reality of it.AniDifrancoAni Difranco

    Comment by Congress Check — October 9, 2008 @ 3:10 pm -0500

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