In the second quarter of 2022, the scale of China's foreign debt declined as a whole, mainly because China adopted a series of measures in foreign exchange management to stabilize the RMB exchange rate and prevent the risk of cross-border capital flows. These measures include strengthening macro-prudential management, guiding enterprises and individuals to rationally allocate assets and cracking down on illegal capital flows. In addition, changes in the global economic situation and fluctuations in the international financial market have also had a certain impact on the scale of China's foreign debt. Generally speaking, the decline of China's foreign debt scale is conducive to maintaining the stability of the foreign exchange market and the healthy development of the economy.