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China's Foreign Debt Reaches $2.41 Trillion at End of Q1 2026, Remains Stable

2026-07-17 02:45:11

According to Xiao Sheng, director of the Capital Account Management Department of the State Administration of Foreign Exchange, China's foreign debt reached $2.41 trillion at the end of Q1 2026, up slightly from the previous quarter. The country's external debt has remained generally stable over the past three years, fluctuating within the $2.3–$2.5 trillion range. The recent increase stems from three factors: a rise in foreign institutions' deposits in China, increased foreign borrowing by domestic entities, and expanded trade finance driven by strong export growth.

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