Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said on the 21st that the scale of China's foreign debt is reasonable and is expected to maintain a stable development trend in the future. In recent years, China's external debt has grown steadily, and the proportion of foreign debt balance and GDP has always remained between 14% and 16%.
The balance of traditional financing external debt such as cross-border deposits and loans and trade credit has increased by an average of 8% per year.