China’s foreign exchange reserves totaled 3.029 trillion dollars at the end of September, down by 25.9 billion dollars from the end of August.
This is according to the State Administration of Foreign Exchange released on Friday.
Wang Chunying, the deputy director and spokesperson of the administration said, “Cross-border capital flows were generally stable in September.
“Supply and demand in the domestic foreign exchange market remained generally balanced,’’ he said.
Chunying said that the attribute decreased in foreign exchange reserves to factors including exchange rate conversion and asset price changes.
He said that on the global financial market, the dollar index rose and the price of global financial assets declined sharply.
