China - Short-term debt (% of total external debt)

Short-term debt (% of total external debt) in China was 62.12 as of 2018. Its highest value over the past 48 years was 73.85 in 2011, while its lowest value was 0.00 in 1970.

Definition: Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1970 0.00
1971 0.00
1972 0.00
1973 0.00
1974 0.00
1975 0.00
1976 0.00
1977 0.00
1978 0.00
1979 0.00
1980 0.00
1981 0.00
1982 27.51
1983 41.45
1984 46.32
1985 38.44
1986 25.62
1987 23.26
1988 20.75
1989 15.37
1990 16.85
1991 17.89
1992 18.98
1993 17.77
1994 17.37
1995 18.87
1996 19.69
1997 21.42
1998 12.02
1999 10.20
2000 8.97
2001 30.55
2002 35.42
2003 42.61
2004 47.07
2005 52.30
2006 53.62
2007 54.52
2008 49.21
2009 53.70
2010 69.74
2011 73.85
2012 69.58
2013 73.18
2014 70.00
2015 62.01
2016 56.60
2017 60.27
2018 62.12

Development Relevance: External debt is that part of the total debt in a country that is owed to creditors outside the country. The debtors can be the government, corporations or private households. The debt includes money owed to private commercial banks, other governments, or international financial institutions. External indebtedness affects a country's creditworthiness and investor perceptions. Nonreporting countries might have outstanding debt with the World Bank, other international financial institutions, or private creditors. Total debt service is contrasted with countries' ability to obtain foreign exchange through exports of goods, services, primary income, and workers' remittances. Debt ratios are used to assess the sustainability of a country's debt service obligations, but no absolute rules determine what values are too high. Empirical analysis of developing countries' experience and debt service performance shows that debt service difficulties become increasingly likely when the present value of debt reaches 200 percent of exports. Still, what constitutes a sustainable debt burden varies by country. Countries with fast-growing economies and exports are likely to be able to sustain higher debt levels. Various indicators determine a sustainable level of external debt, including: a) debt to GDP ratio b) foreign debt to exports ratio c) government debt to current fiscal revenue ratio d) share of foreign debt e) short-term debt f) concessional debt in the total debt stock

Statistical Concept and Methodology: Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements. Debt data are reported in the currency of repayment and compiled and published in U.S. dollars. End-of-period exchange rates are used for the compilation of stock figures (amount of debt outstanding), and projected debt service and annual average exchange rates are used for the flows. Exchange rates are taken from the IMF's International Financial Statistics. Debt repayable in multiple currencies, goods, or services and debt with a provision for maintenance of the value of the currency of repayment are shown at book value.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt