--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

China Issues Rules on Foreign Debt Management
A new interim regulation will be effective March 1 for the management of China's foreign debt.

Jointly issued by the State Development Planning Commission (SDPC), the Ministry of Finance, and the State Administration of Foreign Exchange, the document provides guidelines relating to the use, repayment and supervision of foreign debt. It also provides definitions and classifications.

As a major form of foreign capital utilization, foreign loans have played an active role in spurring the development of China's economy. The security of foreign debt is crucial to the sound functioning of the national economy and to the stability of the financial system.

An official with the SDPC said the regulation will help to improve the relevant legal framework, standardize the management of the country's foreign loans and reduce foreign debt-related risks.

(Xinhua News Agency January 15, 2003)

China's Foreign Debt Stands at US$169.11b
China's Foreign Debt Exceeds US$170 Billion
China's Foreign Debt Down 4% in 2000
State Development Planning Commission
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688