On July 17, Xiao Sheng, director of the Capital Project Management Department of the State Administration of Foreign Exchange, said at the press conference of the State Information Office that over the past period, the size of China's foreign debt has remained generally stable. Over the past three years, the size of China's foreign debt has basically stabilized in the range of 2.3 trillion to 2.5 trillion US dollars. It is normal for external debt to fluctuate over a certain period of time due to factors such as the impact of the external environment and adjustments in the financing needs of domestic entities. At the end of the first quarter of 2026, China's full-caliber external debt balance was 2.41 trillion US dollars, which increased month-on-month, mainly due to three factors: first, an increase in domestic deposits by overseas institutions; second, an increase in domestic companies' own financing needs and an increase in loans borrowed from abroad; and third, China's foreign trade grew rapidly, and financing for trading enterprises formed as a result increased.

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