The debt settled at $1.56 trillion at the end of June, up 8.7 per cent from a quarter earlier, the regulator State Administration of Foreign Exchange (SAFE) said in a statement.
The majority of China's external debt owed to foreign creditors results from short-term borrowing, while long and medium-term outstanding external debt accounted for 36 per cent, SAFE data showed.
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The SAFE predicted steady growth of external debt as China's economic fundamental remains solid.
It also promised better debt management and strengthened supervision of capital flows.
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