China's external debt drops in Q1-Xinhua

China's external debt drops in Q1

Source: Xinhua

Editor: huaxia

2022-06-24 20:33:47

BEIJING, June 24 (Xinhua) -- China recorded 2.7102 trillion U.S. dollars of outstanding external debt denominated in domestic and foreign currencies at the end of March, down 1 percent from that at the end of 2021, showed official data Friday.

The outstanding external debt in domestic currency accounted for 45 percent of the total, the same as that at the end of 2021, said the State Administration of Foreign Exchange.

In terms of maturity structure, the outstanding medium- and long-term external debt accounted for 47 percent of the total, the same as that at the end of 2021.

The primary indicators of China's external debt continue to be within the internationally recognized safety lines, and the risks of external debt are generally under control, said Wang Chunying, deputy head of the administration.