State Administration of Foreign Exchange: The scale of foreign debt is stable with a slight decrease, and overall risks are manageable.

Li Bin, deputy director of the State Administration of Foreign Exchange and spokesperson, answered questions from reporters about China's external debt data by the end of 2025. Li Bin stated that the overall situation of China's external debt in 2025 was generally stable. First, the scale of external debt remained stable with a slight decrease. By the end of 2025, the total amount of external debt in China was $232.88 billion USD, a decrease of $15.5 billion USD from the end of 2024, a decrease of 0.7%. Second, the currency structure of external debt had been optimized and the maturity structure was basically stable. The overall risk of China's external debt was controllable. By the end of 2025, the debt-to-GDP ratio of China's external debt was 11.9%, the debt ratio was 56.3%, the debt service ratio was 6.2%, and the ratio of short-term external debt to foreign exchange reserves was 39.2%. All of these indicators were within the internationally recognized safety line, and the overall risk of China's external debt was controllable.