Chinese investors sold off over $21 billion of U.S. assets in August—the most in four years.
This may be to defend its currency—the Yuan—from further weakening against the U.S. dollar, but there was no direct confirmation from Chinese investors about their motives for selling U.S. securities.
The Yuan to dollar exchange rate has come under recent pressure from slowing economic growth and capital outflow.
China’s currency has fallen 5.7 percent against the dollar this year.