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2026-07-17 10:40:14
The State Administration of Foreign Exchange (SAFE) stated that my country's external debt has remained generally stable, with a continuously optimized structure and high level of security. Over the past three years, my country's external debt has remained relatively stable between US$2.3 trillion and US$2.5 trillion. At the end of the first quarter of 2026, RMB-denominated external debt accounted for 55%, an increase of 10 percentage points compared to the end of 2022; the proportion of medium- and long-term external debt remained stable at over 40%, and the risk of maturity and currency mismatch in external debt has significantly decreased. At the end of 2025, my country's debt-to-equity ratio, debt service ratio, and the ratio of short-term external debt to foreign exchange reserves were 11.9%, 56.3%, 6.2%, and 39.2%, respectively, all significantly lower than international safety warning lines.
