Li Bin, Deputy Administrator and Spokesperson of the State Administration of Foreign Exchange (SAFE), answered questions regarding China's external debt data at the end of September 2025. Li Bin stated that in the third quarter of 2025, China's external debt situation remained generally stable. First, the scale of external debt saw a stable decline. As of the end of September 2025, China's total external debt (including both local and foreign currencies) stood at $2,368.4 billion, a decrease of 2.8% compared to the end of June 2025. Second, the external debt structure remained largely stable. In terms of currency composition, local currency external debt accounted for 51.9%, a decrease of 0.2 percentage points from the end of June 2025. In terms of maturity structure, medium and long-term external debt accounted for 42.5%, an increase of 0.1 percentage points from the end of June 2025. Overall, China's external debt scale saw a stable decline, its currency structure remained largely stable, and its maturity structure improved.