China's external debt rises in 2021

2022-03-26 00:02:04Xinhua Editor : Wang Fan ECNS App Download

China's outstanding foreign debt stood at about 2.75 trillion U.S. dollars at the end of 2021, data from the country's forex regulator shows.

The balance was 50.1 billion dollars higher than it was at the end of September 2021, according to the State Administration of Foreign Exchange.

"The rise in external debt mainly resulted from foreign investors increasing their holdings of yuan-denominated bonds," said Wang Chunying, deputy head of the administration.

China's economic growth and opening-up efforts contributed to the rise, Wang said, and the country's foreign debt risk is generally controllable.

The proportion of medium and long-term debt was 47 percent at the end of 2021, flat with the level recorded at the end of September, Wang said.

Major indicators of the country's foreign debt, such as liability ratio, debt ratio and debt servicing ratio, are within internationally recognized thresholds, Wang said.


Most popular in 24h

MoreTop news


Back to top About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2022 All rights reserved.
Reproduction in whole or in part without permission is prohibited.
[网上传播视听节目许可证(0106168)] [京ICP证040655号]
[京公网安备 11010202009201号] [京ICP备05004340号-1]