(Yicai Global) July 18 -- China's external liabilities are becoming safer as the nation's debt structure continues to improve, the spokeswoman for the State Administration of Foreign Exchange said today.

This is reflected in the increasing weight of medium- and long-term debt in China's overall outstanding external liabilities, Wang Chunying said at a press briefing. Financial securities are making up a larger and larger proportion of these overseas debts as foreign investors diversify their China portfolio and central banks increase their yuan reserves, she added. 

China counts its short-term foreign debt to foreign reserve ratios as its important indicators of external debt, and these are all within boundaries considered safe internationally, Wang said.