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China develops external liability arrangement
(MENAFN)Records from the country's forex watchdog reveal that China's outstanding foreign debt reached about USD2.53 trillion at the end of March.
According to the State Administration of Foreign Exchange (SAFE), the balance was USD125.8 billion higher than that at the end of last year, increasing 5 percent.
SAFE spokesperson Wang Chunying stated that China's external debt arrangement further enhanced in the first quarter of 2021.
Wang added that foreign shareholders continue to augment their holdings of yuan-denominated bonds, which shows the achievements of local bond market opening-up and investors' confidence in China's economic growth.
According to the State Administration of Foreign Exchange (SAFE), the balance was USD125.8 billion higher than that at the end of last year, increasing 5 percent.
SAFE spokesperson Wang Chunying stated that China's external debt arrangement further enhanced in the first quarter of 2021.
Wang added that foreign shareholders continue to augment their holdings of yuan-denominated bonds, which shows the achievements of local bond market opening-up and investors' confidence in China's economic growth.
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