China's short-term foreign debt accounted for a record high last September

According to the State administration of foreign exchange 19th released data, as at the end of September 2010, China's external debt balance of 546.449 billion U.S. dollars (excluding Hong Kong SAR, Macao SAR and Taiwan foreign liabilities, the same below), of which, short-term foreign debt (remaining period)　　The balance is 369.441 billion dollars, accounting for 67.61% of the external debt balance, and short-term foreign debt accounted for a new record in recent years.　　In terms of the debt maturity, the long-term external debt balance is 1770.800 million USD, which accounts for 32.39% of the external debt balance, the short-term external debt balance is 369.441 billion United States dollars, accounting for 67.61% of the external debt balance, of which the balance of registered short-term external debt is 1495 United States dollars and the trade credit balance is $ As to why short-term foreign debt has grown so fast, Zhaoqingming, a senior researcher at China Construction Bank, told the economic reference newspaper that since the resumption of the renminbi in June last year, the market's expectations for a revaluation of the renminbi had increased, while the long-term positive spreads between the Chinese and foreign countries had prompted companies to "make foreign currency loans" Trend is becoming more apparent. In addition, the domestic renminbi credit tightening is also a reason for enterprises to increase overseas financing, especially like some real estate industry enterprises, cash tight, the urgent need to finance from abroad.