China’s foreign exchange reserves down in September

In this undated photo, a clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. (PHOTO / IC)

BEIJING – China's foreign exchange reserves totaled $3.029 trillion at the end of September, down $25.9 billion from the end of August, data from the State Administration of Foreign Exchange showed Friday.

"Cross-border capital flows were generally stable in September, and supply and demand in the domestic foreign exchange market remained generally balanced," said Wang Chunying, deputy director and spokesperson of the administration.

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Wang attributed the decrease in foreign exchange reserves to factors including exchange rate conversion and asset price changes. 

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On the global financial market, the US dollar index rises and the price of global financial assets declines sharply.