China's forex reserves, the highest in the world, fell below three trillion US dollars for the first time in six years, sparking global concerns over their rapid decline. <br/><br/>The State Administration of Foreign Exchange, SAFE said in Beijing today that Forex reserves stood at about 2.99 trillion dollars last month, down from about 3.01 trillion dollars in December. <br/><br/>The SAFE attributed the decline to intervention to maintain equilibrium. The SAFE said it was normal for forex reserves to fluctuate in light of complicated domestic and overseas economic environments.<br/><br/>The persistent decline of China's forex reserves has caused widespread concern about the country's overall financial stability.