Chinese Investors Dump Record $21B in US Assets in August Amid Yuan's Slide
- Chinese investors sold $21.2B in US equities and Treasuries in August, most in 4 years
- $5.1B in US stock sales by China in August, an all-time record
- Onshore yuan weakened in August to lowest since November
- Most sales were in Treasuries and stocks; China funds slashed agency debt
- Sales suggest China boosting USD reserves to prop up weakening yuan