Foreign Exchange Bureau: As of the end of March, my country’s full-scale external debt balance of US$2,710.2 billion foreign debt risks was generally controllable

Original title: State Administration of Foreign Exchange: As of the end of March, my country’s full-scale external debt balance of US$2,710.2 billion foreign debt risks were generally controllable

According to data from the State Administration of Foreign Exchange, as of the end of March 2022, my country’s full-scale (including domestic and foreign currency) foreign debt balance was 17,204.9 billion yuan (equivalent to 2,710.2 billion U.S. dollars, excluding China’s Hong Kong SAR, China External liabilities of Macao SAR and Taiwan, China, the same below). The State Administration of Foreign Exchange stated that the main indicators of my country’s external debt are all within the internationally recognized safety line, and the risk of external debt is generally controllable.

In terms of maturity structure, the balance of medium and long-term external debt was RMB 8,134 billion (equivalent to USD 1,281.3 billion), accounting for 47%; the balance of short-term external debt was RMB 9,070.9 billion (equivalent to USD 1,428.9 billion), accounting for 53%. Trade-related credit accounted for 38% of the short-term external debt balance.

In terms of institutional sectors, the balance of external debt of the general government was RMB 3,141 billion (equivalent to USD 494.8 billion), accounting for 18%; the balance of external debt of the central bank was RMB 517 billion (equivalent to USD 81.4 billion), accounting for 3%; the balance of external debt of banks 7,354.9 billion yuan (equivalent to 1,158.6 billion U.S. dollars), accounting for 43%; the balance of external debt of other sectors (including direct investment: inter-company loans) was 6,192 billion yuan (equivalent to 975.4 billion U.S. dollars), accounting for 36%.

(Photo courtesy of CFP)

In terms of debt instruments, the balance of loans was RMB 2,779.8 billion (equivalent to USD 437.8 billion), accounting for 16%; the balance of trade credit and prepayments was RMB 2,446.6 billion (equivalent to USD 385.4 billion), accounting for 14%; currency and deposits The balance was RMB 3,700.9 billion (equivalent to USD 582.9 billion), accounting for 21%; the balance of debt securities was RMB 5,473.3 billion (equivalent to USD 862.2 billion), accounting for 32%; the allocation of special drawing rights (SDR) was RMB 317.7 billion RMB (equivalent to USD 50.1 billion), accounting for 2%; direct investment: the balance of inter-company loan debt was RMB 1,994.5 billion (equivalent to USD 314.2 billion), accounting for 12%; the balance of other debt liabilities was RMB 492.1 billion (equivalent to 77.6 billion), accounting for 3%.

In terms of currency structure, the balance of foreign debt in local currency was RMB 7,678.8 billion (equivalent to USD 1,209.6 billion), accounting for 45%; the balance of foreign debt in foreign currency (including SDR allocation) was RMB 9,526.1 billion (equivalent to USD 1,500.6 billion), accounting for 55% . Of the outstanding foreign debts registered in foreign currencies, 86% of the foreign debts were in US dollars, 7% in euros, 3% in Hong Kong dollars, 1% in Japanese yen, and 3% in SDR and other foreign currencies.

Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesperson, said that in the first quarter of 2022, the scale of my country’s external debt was relatively stable, with a slight decline. As of the end of March 2022, my country’s full-scale (including domestic and foreign currency) foreign debt balance was US$2,710.2 billion, a decrease of US$36.4 billion, or 1%, from the end of 2021.

The external debt structure remained stable. In terms of the currency structure of foreign debts, as of the end of March 2022, foreign debts in local currencies accounted for 45%; in terms of the maturity structure of external debts, medium and long-term foreign debts accounted for 47%. The proportion of foreign debt in local currency and medium and long-term foreign debt is the same as that at the end of 2021.

Wang Chunying believes that my country’s external debt risks are generally controllable at present. In the first quarter of 2022, the scale of my country’s external debt decreased slightly, mainly due to the complex and volatile external environment, and the purchase of domestic RMB bonds and non-resident deposits by foreign investors decreased. The main indicators of my country’s external debt continue to be within the internationally recognized safety line, and external debt risks are generally controllable.

Wang Chunying said that although unstable and uncertain factors still exist in the external environment, the fundamentals of my country’s economy with strong resilience, sufficient potential and long-term improvement have not changed. With continuous inflow, the scale of foreign debt is expected to remain stable in the future. The foreign exchange bureau will continue to adhere to the coordinated development and security, continue to improve the level of cross-border investment and financing facilitation, and effectively support the high-quality development of the real economy.Return to Sohu, see more

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