BUSINESS China's external debt at about 2 trillion USD by September

BUSINESS

China's external debt at about 2 trillion USD by September

Xinhua

20:13, December 27, 2019

BEIJING, Dec. 27 (Xinhua) -- China's outstanding foreign debt stood at about 2.0325 trillion U.S. dollars by the end of September, data from the country's forex regulator showed Friday.

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File photo: VCG

The balance was 34.5 billion dollars higher than that in end-June, slightly up by 1.7 percent, said Wang Chunying, a spokesperson with the State Administration of Foreign Exchange.

China's foreign debt structure continued to see positive changes with risk indicators remaining stable, said Wang.

Wang expected major foreign debt indicators such as the debt service ratio to see no big changes by the end of 2019 compared with 2018, staying within the safe scope by international standards.  

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