Hainan issues 5 billion yuan (730 million U.S. dollars) in offshore local government bonds in Hong Kong, Oct. 27, 2022. [Photo by Luo Yunfei/China News Service]

China's outstanding foreign debt stood at approximately 2.45 trillion U.S. dollars at the end of 2022, data from the country's forex regulator showed on March 31, 2023.