At the end of June 2008, China 's outstanding external debt (excluding that of Hong Kong SAR, Macao SAR, and Taiwan Province ) reached USD 427.432 billion, up by 14.40 percent compared with that at the end of 2007. Specifically, the outstanding long- and medium-term external debt reached USD 162.067 billion, up by 5.56 percent compared with that at the end of 2007, accounting for 37.92 percent of the total outstanding external debt. The outstanding short-term external debt totaled USD 265.365 billion, up by 20.57 percent compared with that at the end of 2007, accounting for 62.08 percent of the total outstanding external debt.
Among the outstanding registered external debt of USD 278.832 billion, the outstanding sovereign debt borrowed by ministries under the State Council totaled USD 35.048 billion, accounting for 12.57 percent; the outstanding debt of Chinese-funded financial institutions was USD 105.410 billion, accounting for 37.80 percent; the outstanding debt of foreign-funded enterprises was USD 86.541 billion, accounting for 31.04 percent; the outstanding debt of foreign-funded financial institutions in China was USD 46.881 billion, accounting for 16.81 percent; the outstanding debt of Chinese-funded enterprises was USD 4.620 billion, accounting for 1.66 percent; and the outstanding debt of other institutions was USD 332 million, accounting for 0.12 percent.
From January to June 2008, long- and medium-term external borrowing came to USD 19.505 billion, an increase of USD 4.136 billion or 26.91 percent over that during the same period of the last year. The principal repayment was USD 8.773 billion, a decrease of USD 2.232 billion or 20.28 percent over that during the same period of the last year. The interest payment for long- and medium-term debt was USD 1.918 billion, an increase of USD 178 million or 10.23 percent over that during the same period of the last year.