CCTV News: The State Administration of Foreign Exchange announced the situation of China's foreign debt at the end of 2024 on March 28. Data shows that China's foreign debt currency structure is optimized and the maturity structure remains stable.
The latest data from the State Administration of Foreign Exchange shows that at the end of 2024, my country's full-sized foreign debt balance was US$241.98 billion. From the perspective of currency structure, the proportion of foreign debt in local currency accounts for 50%, an increase of 3 percentage points from the end of 2023; from the perspective of maturity structure, the proportion of medium and long-term foreign debt is 44%, basically the same as the end of 2023. In 2024, my country's foreign debt currency structure will be optimized and the maturity structure will remain stable.
A relevant person in charge of the State Administration of Foreign Exchange said that many indicators of my country's foreign debt are within the internationally recognized security line, and have improved to varying degrees or maintained basic stability. my country's foreign debt risks are generally controllable.
In addition, in 2025, developed economies such as the United States and Europe are still in a cycle of interest rate cuts, and the cost of foreign currency financing is expected to decline steadily. my country's high-quality development is steadily promoted, scientific and technological innovation and industrial innovation are integrated and developed, more active and effective macro policies are implemented, high-level opening up is steadily expanded, and cross-border financing facilitation will continue to improve the scale of foreign debt.
