Recently, the State Administration of Foreign Exchange released data on China's external debt for the end of June 2026. 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 second quarter of 2026? A: In the second quarter of 2026, China's external debt situation was generally stable. First, there has been a slight increase in the size of external debt. At the end of June 2026, China's full-caliber external debt balance was US$2498.2 billion, up US$86.1 billion from the end of March 2026, an increase of 4%. Mainly affected by factors such as active cross-border trade, corporate trade credit and related intercompany loans all increased. Second, the foreign debt currency structure has been optimized, and the term structure is basically stable. At the end of June 2026, foreign debt in local currency accounted for 56%, up 1 percentage point from the end of March 2026; medium- and long-term external debt accounted for 41%, the same as at the end of March.

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