Beijing: China’s foreign debt increased to USD 697.16 billion at the end of September, up from USD 548.9 billion last year, the country's foreign-exchange regulator said on Tuesday.

Short-term debt hit USD 507.63 billion, 72.81 percent of the country's total foreign debt, while mid and long-term debt amounted to USD 189.54 billion, according to the State Administration of Foreign Exchange.

As per a news agency, officials say that the debt is manageable as China is sitting on the world’s largest foreign reserves of USD 3.20 trillion.