China's outstanding external debt continued to grow in the second quarter, totaling to $1.56 trillion.
The debt settled at $1.56 trillion at the end of June, up 8.7 per cent from a quarter earlier, the regulator State Administration of Foreign Exchange (SAFE) said in a statement.
The SAFE attributed the growth of external debt to steady economic growth and stable foreign trade in the first half as well as the central government's efforts to facilitate cross-border financing.
The SAFE predicted steady growth of external debt as China's economic fundamental remains solid.
It also promised better debt management and strengthened supervision of capital flows.