Global EditionASIA 中文双语Français
Business
Home / Business / Finance

Risk from China's external debt under control: Forex regulator

Xinhua | Updated: 2018-04-02 15:22
Share
Share - WeChat
Financial risk from China's external debt is controllable overall, despite continuously rising. [Photo/VCG]

BEIJING - Financial risk from China's external debt is controllable overall, despite continuously rising, the foreign exchange regulator said.

All major indicators of the external debt remain within international safety standards, the State Administration of Foreign Exchange (SAFE) said on its website.

At the end of 2017, the outstanding external debt stood at $1.71 trillion, an increase of $294.8 billion from one year earlier.

That translated to a debt ratio, or outstanding external debt to GDP ratio, of 14 percent, and the ratio of short-term external debt to foreign exchange reserves was 35 percent, according to the SAFE.

The SAFE attributed the rising external debt to stable economic growth, increasing two-way movement of the yuan exchange rate and the government's policies to facilitate cross-border financing.

It said the country will continue to improve the macro-prudential management policy that focuses on banks and short-term capital flow, preventing risk while better serving the real economy.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE