Back door subtraction from reserves:

China Foreign Debt Rises to $586 Billion at End of March

July 7 (Bloomberg) — China’s outstanding overseas borrowing increased to $586 billion at the end of March from $548.9 at the end of last year, according to a statement posted to the website of the State Administration of Foreign Exchange.

Outstanding medium- and long-term debt was $174.3 billion at the end of March, rising from $173.2 billion at the end of 2010, according to the administration. Short-term debt was $411.7 billion, increasing from $375.7 billion.