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China’s Foreign Debt Edges Up to $2.7 Trillion at End-September

China added $16.7 billion in foreign debt in the third quarter of 2021 due in part to increased purchases of onshore yuan-denominated bonds by foreign investors.

About 47% of China’s outstanding debt of $2.7 trillion at the end of September are medium to long-term obligations, up three percentage points from the end of June, Wang Chunying, deputy director and spokesman of the State Administration of Foreign Exchange, said in a statement released on Friday.