Market and product

China's outstanding foreign debt fell to $1.42 trillion at the end of 2016 from $1.43 trillion at the end of September, the foreign exchange regulator said on Friday.

Short-term foreign debt stood at $870.9 billion at end-2016, down from $894.4 billion at the end of the third quarter, the regulator said.

Short-term foreign debt accounted for 61 percent of the total at the end of last year, while medium- and long-term debt made up 39 percent of the total, the State Administration of Foreign Exchange said in a statement on its website.

China's foreign debt deleveraging process has basically finished and the size of China's foreign debt will steadily rise in 2017, the FX regulator said in a note accompanying the statement. - Investing.com