Chinanews.com, April 23. At the press conference of the State Council Information Office today, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said that from the perspective of external debt, we have not accumulated a large external debt risk.
In terms of the growth rate of foreign debt, the full-scale foreign debt at the end of last year increased by 14% compared with the end of March last year (because the balance sheet expansion began in March last year). This 14% increase was mainly due to the increase in the holdings of domestic bonds by foreign investors, reflecting the external Open results.
At the same time, the structure of foreign debt was further optimized.
First of all, from the perspective of currency, the proportion of domestic currency foreign debt has risen to 42%, an increase of 4 percentage points from the end of March last year. The rise of local currency debt reduces the risk of currency mismatch.
From the perspective of maturity, the proportion of medium- and long-term foreign debt reached 45% at the end of last year, an increase of 3 percentage points from the end of March last year.
Several indicators to measure the risk of foreign debt, the debt ratio, debt ratio, debt service ratio, short-term foreign debt and foreign exchange reserves, are all within the internationally recognized safety line.
So the overall risk is controllable.