China News Service, Beijing, September 30 (Reporter Xia Bin) The State Administration of Foreign Exchange of China (hereinafter referred to as the "Foreign Exchange Administration") released data on the 30th showing that the scale of China's foreign debt in the second quarter of 2022 has generally declined.

As of the end of June 2022, China's full-scale (including domestic and foreign currency) foreign debt balance was US$2,636 billion, a decrease of US$74.2 billion, or 3%, from the end of March 2022. The exchange rate conversion factor contributed about 90% of the decline in the balance of external debt. .

  The data also showed that the structure of external debt remained basically stable.

In terms of the currency structure of foreign debts, as of the end of June 2022, foreign debts in local currency accounted for 44%; in terms of the maturity structure of external debts, medium and long-term foreign debts accounted for 46%.

Compared with the end of March 2022, the proportion of local currency and medium and long-term external debt both decreased by 1 percentage point.

  Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesperson, said that the foundation for long-term stability of China's foreign debt remains solid.

Overall, China has effectively coordinated epidemic prevention and control and economic and social development. The economy has strong resilience, ample potential, wide room for maneuver, and the fundamentals of long-term improvement have not changed. Chinese assets, including RMB bonds, are still relatively attractive to foreign investment. , the basis for maintaining overall stability in the scale of external debt remains solid.

  "It is expected that short-term domestic and foreign debt will still fluctuate within a narrow range." Wang Chunying said that the current external environment is more complex and severe, the downward pressure on the global economy is increasing, and the turbulence in the international financial market has intensified. It is expected that the scale of China's foreign debt will remain within a narrow range in the short term.

At present, the main indicators of China's external debt continue to be within the internationally recognized safety line, and external debt risks are generally controllable.