Foreign exchange reserves decline

China's foreign exchange reserves stood at $3.3421 trillion at the end of March, down $85.7 billion, or 2.5 percent, from the end of February, official data showed. The State Administration of Foreign Exchange said that in March, the US dollar index rose, while prices of major global financial assets declined, influenced by the global macroeconomic environment, monetary policies of major economies and market expectations. The combined effects of exchange rate conversion and changes in asset prices led to a decrease in China's foreign exchange reserves during the month, the administration said.

HSR operational risks reduced

Chinese railway operators have bolstered moves to eliminate sundry operational risks facing high-speed railways. To address the risks, Taiyuan High-speed Railway Engineering Section of China Railway Taiyuan Group has implemented precise measures, including preventative field fire burning and high-wind condition prevention work. A special team was set up to inspect adjacent farmlands and forests along the line through video surveillance and foot patrols. The staff members also visited surrounding villages, towns, markets and schools to popularize HSR safety knowledge. Meteorological information was obtained in a timely manner to prepare for the removal of potential dangerous debris becoming airborne during strong winds.

Xinhua - China Daily