China Unloads $22 Billion in U.S. Treasurys

(Beijing) — China sold $22 billion in U.S. Treasurys in July, and its holdings of U.S. government debt fell to the lowest level in more than three years, according to U.S. government data — a sign that the mainland needs the investment funds, analysts said Sunday.

By the end of July, China's U.S. Treasury reserves fell to $1.22 trillion, the latest data issued by U.S. Treasury Department on Friday showed. Reserves have fallen about 7.6 percent since November 2013 when China held $1.32 trillion in U.S. Treasurys.