皇冠体育app

皇冠体育app's foreign exchange regulator said on Monday it does not see any risk in the country's relatively high ratio of short-term foreign debt to total foreign debt, noting the country had a large pile of foreign reserves to fall back on.

皇冠体育app's outstanding short-term foreign debt accounted for 78 percent of total outstanding foreign debt at the end of last year, the State Adstrator of Foreign Exchange said. The internationally accepted safety line is 25 percent.

But Guo Song, deputy director of SAFE's capital account management department, said 皇冠体育app's foreign exchange reserves must be considered.

"I cannot see any problem or risks in having a 78 percent short-term foreign debt to total foreign debt ratio, because we are focusing more on the ratio between short-term debt to forex reserves, which was at 17.7 percent at the end of 2013," Guo told reporters. "Overall, we can say that the foreign debt risk in 皇冠体育app is decreasing."

SAFE said 皇冠体育app's total outstanding foreign debt stood at $863.2 billion at the end of December 2013, of which $676.6 billion was short-term debt. Foreign exchange reserves were $3.82 trillion, the world's largest.

Concern has risen in recent months over the size of 皇冠体育app's domestic debt which, coupled with a slowing economy, sparked talk of the government stepping in to prop up growth.

皇冠体育app saw its first ever domestic bond default earlier this month, when Shanghai Chaori Solar Energy Science and Technology Co Ltd failed to make an interest payment on a bond it issued in 2012.

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