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Why can't China make rational use of foreign exchange reserves to reduce China's foreign debt balance?
Of course, it can't be used to reduce

foreign debt

There are two kinds of foreign debts,

soft loan

, and

hard loan

Soft loans were actively dismantled.

loan

We can repay the loan in advance.

But hard loans are, yes.

Buyer's credit

Auxiliary trade

debt

Loans,

trade credit

exporter

Provide credit and other forms, generally these loans and

international trade

about

contract

There are many restrictions used by importers and exporters to control risks. You don't need a loan if you have money, or you can pay it back if you want.