China is stepping up efforts to reduce its external debt in the short term
China will intensify its efforts to reduce its foreign debt soaring short term, by requiring financial institutions to gradually repay their debts, said the State Administration of Foreign Exchange (SAFE) here Friday.
According to the SAFE, until March 31, 2008, Chinese banks must reduce their deficit by 70% compared to the end of 2006, nonbank financial institutions and banks with foreign capital, 40%.
AEDE encourages financial institutions to recover funds from national funding.
Statistics from the SAFE showed that the external debt in the short term in China was 181.1 billion dollars at the end of 2006, up 16% year on year, representing 57% of total external debt of countries .
Analysts believe that the rapid growth of external debt in the short term revealed the rapid capital flows in large quantities across borders, which are riskier.
external debt is due in part to the country’s debts owed to creditors outside the country. They include debts owed to private commercial banks and financial institutions, governmental or international.
中国正在加紧努力，以减少短期外债
中国将加紧努力，以减少外债，要求金融机构，逐步偿还债务的短期飙升，说外汇交易（外汇）今天在国家行政。
据国家外汇管理局，直到3月31日，2008年，中资银行必须减少70％的赤字相比，2006年底，非银行金融机构和外资银行，40％。
AEDE鼓励金融机构对国家资金收回资金。
从国家外汇管理局统计显示，在中国的短期外债为1811.00亿美元，在2006年年底，增长16％，去年同期，占了总额的57％国家的外债。
分析人士认为，外债在短期内迅速增长显示了大量跨越国界，这是风险资本快速流动。
外债，部分原因是欠境外债权人的国家的债务。它们包括欠私人商业银行和金融机构，政府或国际债务。03.03.07
Tags: Economie, debt, external, short, term