China’s outstanding foreign debt stands at approximately 2.45 trillion dollars at the end of 2022 data from the country’s forex regulator showed on Friday.
According to the state administration of foreign exchange, the balance is 28.7 billion dollars, or 1.2 per cent, lower than it was at the end of September.
Wang Chunying, deputy head of the administration, said the outstanding external debt in China’s domestic currency accounted for 45 per cent of the total, up one percentage point from the end of September 2022.
She said that the proportion of medium and long-term debt was 45 per cent at the end of 2022, flat with the level recorded at the end of September.
Chunying predicted that the scale of China’s external debt would remain stable.
“China’s economy is resilient, has great potential and is full of vitality and China has the fundamentals to keep its external debt stable,’’.
She said the administration would continue to promote cross-border investment and financing facilitation to serve the high-quality development of the real economy.
Xinhua
