China's foreign exchange reserves fell to 3.2 trillion U.S. dollars at the end of April, down 44.8 billion dollars or 1.38 percent from the end of March, the State Administration of Foreign Exchange (SAFE) said on Tuesday.
The country's foreign exchange regulator attributed this decrease to the combined impact of currency translation and asset price changes.
The U.S. dollar index rose and the prices of global financial assets declined last month, affected by the monetary policy expectations of major economies and their macroeconomic data, the regulator said.
China's economy has a solid foundation, strong resilience and huge potential, which is conducive to maintaining the stable scale of its forex reserves, the regulator added.
China's foreign exchange reserves fall to 3.2 trln USD in April
Heavy rains pounded cities in south China's Guangxi Region from wee hours Sunday, disrupting traffic and trapping residents.
The meteorological observatory in Nanning City issued the highest-level rainstorm warning after the downpour, accompanied by thunderstorms, strong winds and hailstones started around 04:00 local time.
The heavy rainfall led to treacherous road conditions in the morning as rainwaters kept rising in low-lying areas. In response, the transportation department implemented traffic control measures on flooded roads to ensure safety.
Floodwater has accumulated to depths up to around one meter in some areas of Beihai City, trapping residents and vehicles in the morning. Firefighters were dispatched to the scene and successfully evacuated eight people and conducted inspections of 49 flooded vehicles to ensure safety.
The fire department also sent a high-powered drainage vehicle to carry out drainage operations in low-lying areas.
China's State Flood Control and Drought Relief Headquarters activated a Level-IV emergency response on Saturday due to anticipated heavy rainfall in parts of Guangdong, Guangxi and the Pearl River over the next three days.
Work teams have been dispatched to Guangdong to provide guidance on how to deal with rainstorm.
Heavy rain hits southern Chinese cities, disrupting commuting
