9月末全口径外债余额23684亿美元，较6月末降2.8%

Core Viewpoint - China's total external debt balance continued to decline in the third quarter of 2025, indicating a stable overall external debt situation despite a slight decrease in scale [1] Group 1: External Debt Balance - As of September 30, 2025, China's total external debt balance was 168,287 billion RMB (equivalent to 23,684 billion USD), a decrease of 2.8% from June 30, 2025 [1] - The total external debt balance increased in the first quarter of 2025, reaching 175,967 billion RMB (equivalent to 24,514 billion USD) by March 31, 2025, marking an increase of 316 billion USD or 1.3% from the end of 2024 [1] - In the second quarter of 2025, the external debt balance slightly decreased to 174,437 billion RMB (equivalent to 24,368 billion USD) by June 30, 2025, a minor decline of 0.6% from March 31, 2025 [1] Group 2: Debt Structure - The currency structure of external debt shows that domestic currency debt accounted for 51.9%, a decrease of 0.2 percentage points from June 30, 2025 [1] - The maturity structure indicates that medium- and long-term external debt accounted for 42.5%, an increase of 0.1 percentage points from June 30, 2025 [1] - The overall external debt situation is described as stable, with a steady decline in scale and basic stability in currency structure, while the maturity structure has improved [1]