国家外汇局：截至2025年9月末我国全口径外债余额为168287亿元人民币

Core Insights - As of September 30, 2025, China's total external debt (including both domestic and foreign currencies) amounts to 168,287 billion RMB (approximately 23,684 billion USD) [2][7] Debt Structure - The long-term external debt stands at 71,511 billion RMB (approximately 10,064 billion USD), accounting for 42% of the total, while short-term external debt is 96,776 billion RMB (approximately 13,620 billion USD), making up 58% [2][3] - Among short-term external debt, trade-related credit constitutes 36% [2] Institutional Breakdown - The broad government external debt is 28,563 billion RMB (approximately 4,020 billion USD), representing 17% of the total [2] - The central bank's external debt is 7,454 billion RMB (approximately 1,049 billion USD), which is 4% [2] - Bank external debt totals 69,198 billion RMB (approximately 9,739 billion USD), accounting for 41% [2] - Other sectors (including inter-company loans) have an external debt of 63,072 billion RMB (approximately 8,876 billion USD), which is 38% [2] Debt Instruments - Loans amount to 21,934 billion RMB (approximately 3,087 billion USD), making up 13% of the total [3] - Trade credit and prepayments total 28,443 billion RMB (approximately 4,003 billion USD), accounting for 17% [3] - Currency and deposits stand at 33,526 billion RMB (approximately 4,719 billion USD), which is 20% [3] - Debt securities total 55,417 billion RMB (approximately 7,799 billion USD), representing 33% [3] - Special Drawing Rights (SDR) allocation is 3,527 billion RMB (approximately 496 billion USD), which is 2% [3] Currency Composition - Domestic currency external debt is 87,394 billion RMB (approximately 12,299 billion USD), accounting for 52% [3] - Foreign currency external debt (including SDR allocation) is 80,893 billion RMB (approximately 11,385 billion USD), making up 48% [3] - Within the foreign currency debt, USD debt constitutes 78%, Euro debt 9%, and JPY debt 4% [3]