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China's foreign exchange reserves fell for the second consecutive month in March to .06 trillion, as the value of reserves in other currencies fell due to the global financial market turmoil and decline in oil prices amid the novel coronavirus outbreak, the State Administration of Foreign Exchange said on Tuesday.

China's economic growth will not be derailed by deleveraging moves as the government will implement such efforts at the proper pace, according to senior officials with the nation's top economic regulator.

China's consumer price index, a main gauge of inflation, grew 1.7 percent year-on-year last month, the lowest level in 19 months and down from 2.4 percent in August, the National Bureau of Statistics said on Thursday.

China's economic growth has continued during the past five years, while "the financial system has facilitated the country's high growth rate and the consequent sharp decline in poverty rates", the main report said, calling on the financial sector to better support China's economic transformation from an export-and investment-driven model to one depending more on services and consumption.

China's national weather observatory continued a yellow alert for rain on Saturday, with more heavy rain expected across the country in the next few days.