SAFE deputy director and spokesperson Li Bin said Q1 2026 external debt in China
was broadly stable. Total external debt on an all‑currency basis (including RMB
and foreign currency) stood at $2.4121 tln at end‑March 2026, up $83.3 bln (+4%)
from end‑2025, driven by active cross‑border trade and increases in non‑resident
deposits and corporate trade credit. RMB‑denominated external debt accounted for
55%, unchanged from end‑2025. Medium‑ and long‑term external debt made up 41%,
down 2 percentage points from end‑2025.
