China's foreign exchange reserves went down to $3.029 trillion by the end of September due to a

strong US dollar and a fall in global financial markets, the State Administration of Foreign

Exchange said on Friday.

The amount marked a decline of $25.9 billion or 0.85 percent compared with the end of August,

SAFE said in a statement.

Wang Chunying, spokeswoman of SAFE, said the country's foreign exchange reserves edged

down as global financial markets shed, while the dollar strengthened amid adjustments of

monetary and fiscal policies in major economies. A stronger dollar has made reserves

denominated in other currencies less valued in the dollar term.

Despite rising unstable external factors and higher volatility of international financial markets,

China's economy continues to recover and features great resilience, conducive to keeping the

amount of foreign exchange reserves stable, Wang said.