China's foreign debt grew 14.4% per cent last year

Zoshore that this year, the more careful hot money into the state administration of foreign exchange data showed yesterday, as at the end of 2009, China's external debt balance of 428.647 billion U.S. dollars, an increase of 14.4% per cent, China's foreign debt repayment rate increased to 2.87% in 2009, and the debt rate from the previous year's 23.69% Rose markedly to 32.16%.　　Foreign authority officials said yesterday that our entire debt ratio is under international safety. According to the preliminary calculation, China's external debt repayment rate of 2009 is 2.87%, the debt rate is 32.16%, the debt ratio is 8.73%, the ratio of short-term foreign debt to foreign exchange reserves is 10.81%.　　' At present, our entire debt ratio is under international safety and the economy is still functioning healthily, ' officials said yesterday. It is reported that the foreign debt liability ratio is a country's external debt balance and the overall economic size (GNP or GDP) ratio, used to measure the degree of dependence of a country's economic growth on external debt, or the overall risk of a country's external debt, the internationally recognized standard is that the debt ratio should be controlled below 2o%; The external debt rate is the ratio of the external debt balance to the export income,　　In the absence of foreign exchange reserves or the consideration of foreign exchange reserves, this is a major indicator of the external debt burden and the risk of external debt, which is less than 100% per cent of the internationally recognized safety standards for debt rates.　　Yesterday, Zoshore, chief analyst at Galaxy Securities, said in an interview with the Morning Post that the 2009 was a very time when money supply and fiscal policy were not normal, and that the external debt situation based on that year alone was not a "security line". "2009 Real estate growth is very large, do not rule out hot money through some regular projects, FDI, individuals and other channels disguised way to come in." Zoshore stressed, "This year more careful, because the real estate market is adjusting." If the renminbi really stabilizes, hot money will have no chance of speculation. ”