Bureau of Foreign Exchange: The overall size of China's foreign debt remains stable, the structure is continuously optimized, and the security is high. The size of China's external debt has basically stabilized between 2.3 trillion US dollars and 2.5 trillion US dollars in the past 3 years. At the end of the first quarter of 2026, RMB foreign debt accounted for 55%, up 10 percentage points from the end of 2022; the share of medium- to long-term external debt stabilized at more than 40%, and the risk of foreign debt maturity and currency mismatch was significantly reduced. At the end of 2025, China's debt ratio, debt service ratio, short-term external debt and foreign exchange reserve ratio were 11.9%, 56.3%, 6.2%, and 39.2%, respectively, all significantly below the international security warning line.

Bureau of Foreign Exchange: The overall size of China's foreign debt remains stable, the structure is continuously optimized, and the security is high. The size of China's external debt has basically stabilized between 2.3 trillion US dollars and 2.5 trillion US dollars in the past 3 years. At the end of the first quarter of 2026, RMB foreign debt accounted for 55%, up 10 percentage points from the end of 2022; the share of medium- to long-term external debt stabilized at more than 40%, and the risk of foreign debt maturity and currency mismatch was significantly reduced. At the end of 2025, China's debt ratio, debt service ratio, short-term external debt and foreign exchange reserve ratio were 11.9%, 56.3%, 6.2%, and 39.2%, respectively, all significantly below the international security warning line.