3月末我国全口径外债余额为175967亿元

Core Insights - As of March 2025, China's total external debt reached 175,967 billion RMB (approximately 24,514 billion USD), excluding external liabilities from Hong Kong, Macau, and Taiwan [1] - The structure of external debt shows that short-term debt accounts for 58% (101,719 billion RMB or 14,170 billion USD), while medium to long-term debt constitutes 42% (74,248 billion RMB or 10,344 billion USD) [1] - The overall external debt risk in China is considered manageable and within internationally recognized safety lines [3] Debt Structure - The breakdown of external debt by institutional sector reveals that bank external debt is the largest at 77,143 billion RMB (approximately 10,747 billion USD), making up 44% of the total [1] - Other sectors include government external debt at 29,062 billion RMB (4,049 billion USD) or 16%, and other departments (including inter-company loans) at 61,685 billion RMB (8,593 billion USD) or 35% [1] - The currency composition indicates that domestic currency debt is 91,634 billion RMB (12,766 billion USD), accounting for 52%, while foreign currency debt totals 84,333 billion RMB (11,748 billion USD), making up 48% [2] Debt Instruments - The types of debt instruments show that debt securities represent the largest share at 62,352 billion RMB (8,686 billion USD), which is 36% of the total external debt [2] - Trade credit and prepayments amount to 26,904 billion RMB (3,748 billion USD), accounting for 15%, while loans total 23,585 billion RMB (3,285 billion USD), representing 13% [2] - Special Drawing Rights (SDR) allocations are recorded at 3,453 billion RMB (481 billion USD), which is 2% of the total external debt [2]