Recently, the State Administration of Foreign Exchange released data on China's external debt for the end of September 2025. Li Bin, deputy director of the State Administration of Foreign Exchange and press spokesman, answered questions from reporters on related issues. Q: How do you evaluate China's external debt situation in the third quarter of 2025? A: In the third quarter of 2025, China's external debt situation was generally stable. First, there has been a steady decline in the size of external debt. As of the end of September 2025, China's full-caliber external debt balance was US$2368.4 billion, down 2.8% from the end of June 2025. Second, the external debt structure is basically stable. Looking at the currency structure, local currency foreign debt accounted for 51.9%, down 0.2 percentage points from the end of June 2025; looking at the term structure, medium- and long-term external debt accounted for 42.5%, up 0.1 percentage points from the end of June 2025. Overall, the size of China's foreign debt has been declining steadily, the currency structure is basically stable, and the term structure has been optimized.

Recently, the State Administration of Foreign Exchange released data on China's external debt for the end of September 2025. Li Bin, deputy director of the State Administration of Foreign Exchange and press spokesman, answered questions from reporters on related issues. Q: How do you evaluate China's external debt situation in the third quarter of 2025? A: In the third quarter of 2025, China's external debt situation was generally stable. First, there has been a steady decline in the size of external debt. As of the end of September 2025, China's full-caliber external debt balance was US$2368.4 billion, down 2.8% from the end of June 2025. Second, the external debt structure is basically stable. Looking at the currency structure, local currency foreign debt accounted for 51.9%, down 0.2 percentage points from the end of June 2025; looking at the term structure, medium- and long-term external debt accounted for 42.5%, up 0.1 percentage points from the end of June 2025. Overall, the size of China's foreign debt has been declining steadily, the currency structure is basically stable, and the term structure has been optimized.