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To: BillyG who wrote (26207)	12/5/1997 2:51:00 PM
From: BillyG	Respond to of 50808

China debt outlook.......... September 22, 1997 LENGTH: 268 words COUNTRY: China HEADLINE: Debt outlook BODY: China will continue to accumulate external debt in 1997-98, bringing the total debt stock to $149.6bn by the end of 1998. Debt will remain low as a percentage of GDP, and public medium- and long-term debt will account for over 80% of the total. The debt-service ratio will drop to 9.5% in 1998. Economic forecast summary Real GDP (% change) 9.7 9.4 8.4 Consumer prices (% change; av) 8.3 5.0 8.0 Exchange rate Rmb:$ (av) 8.3 8.3 8.5 Current account ($ m) Goods: exports fob 151,080 169,140 189,458 Goods: imports fob -131,542 -144,696 -176,529 Trade balance 19,538 24,444 12,929 Current-account balance 7,199 7,888 1,060 % of GDP 0.9 0.8 0.0 External financing ($ m) Financing balance -2,801 -4,112 -11,640 Total debt 123,761 135,440 149,562 Total debt service 17,993 20,801 22,642 Debt-service ratio, paid (%) 9.9 10.1 9.5