Everand Logo

Welcome to Everand!

  • Beijing Review

    In Good Debt

    Jan 21, 2021 3 minutes
    By Li Xiaoyang

    China’s outstanding foreign debt was more than $2.29 trillion at the end of the third quarter of 2020, up 7.6 percent from the end of the second quarter, according to the State Administration of Foreign Exchange (SAFE).

    Foreign debt covers the amount of a country’s total borrowing from external sources, including commercial banks, governments and international financial institutions. SAFE spokesperson Wang Chunying said the quarteron-quarter increase in foreign debt was the result of China’s accelerated opening-up efforts and steady economic recovery, with international investors continuing to increase holdings of Chinese

    You’re reading a preview, subscribe to read more.

    More from Beijing Review

    Beijing Review3 min readWorld
    Peace Is of Paramount Importance
    Chinese Ambassador to the United States Xie Feng on April 19 visited the Fairbank Center for China Studies at Harvard University in Boston, Massachusetts, where he had an in-depth discussion on China-U.S. relations with experts and scholars. The foll
    Beijing Review4 min readWorld
    Society
    Nuclear power generation on the Chinese mainland reached 440,000 gigawatt-hours in 2023, accounting for nearly 5 percent of total national electricity output, according to the China Atomic Energy Authority on April 23. This achievement is equivalent
    Beijing Review2 min readIntelligence (AI) & Semantics
    The Rise of The Intelligent Economy
    As China continues its transition to higher-quality economic development, it is increasing its reliance on new quality productive forces, those driven by innovation and new technologies such as artificial intelligence (AI). In addition to lifting tra

    Related Books & Audiobooks