Foreign debt risk decreasing, says forex regulator

China's foreign exchange regulator said on Monday it does not see any risk in the country's relatively high ratio of short-term foreign debt to total foreign debt, noting the country had a large pile of foreign reserves to fall back on.

China's outstanding short-term foreign debt accounted for 78 percent of total outstanding foreign debt at the end of last year, the State Administrator of Foreign Exchange said. The internationally accepted safety line is 25 percent.

But Guo Song, deputy director of SAFE's capital account management department, said China's foreign exchange reserves must be considered.