Chinese appetite for euro debt ‘just the beginning'
China owed $900 billion to foreign creditors at the end of 2014, up 2.5% from a year earlier, according to figures released this week by the country's foreign exchange regulator.
More than two-thirds of liabilities are short term, set to mature within the next year, says a statement published on the State Administration of Foreign Exchange's website. Meanwhile, medium and long-term external debt increased 7.5% last year, reaching a total of $275 billion.
Chinese companies have loaded up on euro
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