China's foreign debt hits 695 billion US Dollars

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Source: China.org.cn
China's foreign debt last year reached the 26-year high of 695 billion US Dollars, reported the State Administration of Foreign Exchange. The outstanding debt rocketed by 27% last year as compared to 2010. The part of short-term loan to total soared to 72% from 68% in 2010, signaling on fast increase in China's foreign trade.


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