My Foreign Debt Balance Broke 500 Billion Dollars.

According to the latest data released by the State Administration of foreign exchange, as at the end of 6 in 2010, our foreign debt balance was US $513 billion 810 million.

According to the figures previously released by the foreign exchange bureau, at the end of 2009, our foreign debt balance was US $428 billion 600 million.

Therefore, in the first half of this year

In terms of debt maturity, the balance of external debt in the external debt of US $513 billion 810 million is 170 billion 22 million US dollars, accounting for 33.09% of the external debt balance; the short-term external debt balance is US $343 billion 788 million, which accounts for 66.91% of the external debt balance.

Data also showed that by the end of 6 in 2010, US dollar debt in the registered foreign debt balance accounted for 72.10%, an increase of 4.34 percentage points over the end of last year.

Zhao Xijun, vice president of the school of Finance and finance, Renmin University of China, said that with the expansion of China's economy and the expansion of foreign trade, many enterprises began to go out, explore the international market, increase the number of international trade, and increase the external debt balance is an inevitable trend.

"Compared with the end of 2009, China's medium and long-term foreign debt balance has not changed much."

Ding Zhijie, Dean of the school of finance at University of International Business and Economics, said the rise in external debt was mainly due to short-term external debt, and the growth of trade credit was the main reason.

At the end of 2009, the balance of China's medium and long-term foreign debts was US $169 billion 388 million, which is almost the same as that of US $170 billion 22 million at the end of 6 in 2010.

The balance of short-term external debt is $343 billion 788 million at the end of 6 this year, compared with $259 billion 259 million at the end of 2009, and the difference between the two is 84 billion 529 million US dollars.

Obviously, the increase in short-term external debt worries people: will it increase the risk of external debt?

In this regard, Ding Zhijie believes that the increase in short-term external debt is mainly related to trade credit and does not affect the risk of foreign debt.

According to the data released by the foreign exchange bureau, at the end of 6 in 2010, trade credit accounted for 60.10% of the short-term external debt balance, and trade financing (such as credit support provided by banks for import and export trade) accounted for 18.48%, while the total of two accounted for 78.58% of the short-term external debt balance.

While releasing the statistics, the foreign exchange bureau also made it clear that this is closely related to the rapid development of China's foreign trade in recent years.

As trade credit and trade financing have real import and export trade as the background, there will be no additional risk of external debt.

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As a result, the size of the short-term external debt has increased, and the scale of the medium and long-term foreign debt has basically remained unchanged, which has directly led to a decline in the proportion of China's medium and long-term foreign debt.

Statistics show that at the end of 2009, the total external debt balance in the medium and long term accounted for 39.52% of the total external debt balance, which fell to 37.69% at the end of the first quarter of 2010, and dropped to 33.09% at the end of 6.

Zhao Xijun said that from the perspective of debt management, this reflects that enterprises are more inclined to finance short-term debts. From the perspective of investors, they also tend to invest in short-term funds.

In addition, in terms of currency structure, the data released by the foreign exchange bureau show that, in addition to the rise in US dollar debt, other currencies have shown a downward trend in the registered foreign debt balance.

By the end of 6, in the balance of registered foreign debts, US dollar debt accounted for 72.10%, up 4.34 percentage points from the end of last year; Japanese yen debt accounted for 10.11%, which was 1.78 percentage points lower than the end of last year; euro debt accounted for 4.51%, down 1.87 percentage points from the end of last year; other debts, including special drawing rights and Hong Kong dollars, accounted for 13.28%, down by 0.69 percentage points from the end of last year.

"Worldwide, the massive issuance of the US dollar by the Federal Reserve has caused excessive liquidity in the US dollar," he said.

Ding Zhijie believes that due to the continued depreciation of the dollar, the proportion of US dollar debt in our foreign debt has increased, to a certain extent, it has also reduced the cost of debt in China.

Zhao Xijun also said that China's external debt balance, the rise in the proportion of US dollar debt, indicating the pressure to see the depreciation of the dollar, the market is not optimistic about the future trend of the dollar.