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China added $16.7 billion to its external debt in the third quarter of 2021, partly due to increased purchases of yuan-denominated internal bonds by foreign investors.
And “Bloomberg” quoted Wang Chun-ying, deputy director of the State Administration of Foreign Exchange: About 47 percent of China’s outstanding debt, which amounted to 2.7 trillion dollars at the end of last September, is medium to long-term obligations.
The spokesman pointed out that this debt increased 3 percentage points from the end of June.
Wang added that foreign investors’ increasing holdings of domestic bonds reflect China’s achievement in opening its financial markets, and their confidence in the country’s economic future, adding that the administration will continue to closely monitor the size and structure of China’s foreign debt and guard against the risks of cross-border capital flows.
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