June GRASSO

Amassing foreign debt is one strategy for acquiring capital needed for investment. China’s foreign debt, among the highest worldwide at $331 billion in 2007, has been the impetus for the country’s emergence as an economic power in the twenty-first century.

Foreign (or external) debt is the total amount of money a country owes to foreigners or other countries. Ordinarily a consequence of loans and/or a negative balance of trade, China’s foreign debt

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By |2014-12-16T16:54:41-05:00January 22nd, 2012|Berkshire Encyclopedia of China, Business and Economy, System|Comments Off on Debt, Foreign (Wàizhài 外债)|Wàizhài 外债 (Debt, Foreign)

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