Foreign Exchange Administration: By the end of 2025, the total foreign debt balance of our country will be 1636.89 billion RMB.
On March 27, the State Administration of Foreign Exchange released the data on China's total external debt as of the end of 2025.
On March 27, the State Administration of Foreign Exchange announced the data on China's total external debt at the end of 2025. By the end of 2025, China's total external debt (including both domestic and foreign currencies) was 16.3689 trillion RMB, with long-term external debt accounting for 711.28 billion RMB (equivalent to 101.19 billion USD) or 44% and short-term external debt accounting for 92.561 trillion RMB (equivalent to 13.169 billion USD) or 56%.
At the end of 2025, China's external debt-to-GDP ratio was 11.9%, the debt ratio was 56.3%, the debt servicing ratio was 6.2%, and the ratio of short-term external debt to foreign exchange reserves was 39.2%. These indicators are within the internationally recognized safe levels, and overall China's external debt risk is manageable.
Li Bin, Deputy Director of the State Administration of Foreign Exchange and spokesperson, stated that in 2025, China's external debt situation was generally stable. The scale of external debt remained stable with a slight decrease, while the currency and maturity structure of external debt were optimized. China's external debt risk is overall controllable.
The original text provides more detailed information on the composition of China's external debt by terms, institutions, instruments, and currency structure, and also includes further analysis of the external debt situation.
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