FAST FIVE: China FX Reserves Unexpectedly Plunge $56 BN To 2-Year Low, Hint At Significant Bitcoin Upside After plunging by $56 billion in June, just shy of the massive $68 billion in April when the yuan cratered lower and sparked speculation of another yuan devaluation, and the second biggest drop since 2016. And the last time China saw such aggressive capital flight preceded a historic crunch in China's economy, one which Beijing can't afford to repeat in its much weakened state today. “At present, global economic growth has slowed, inflation remains high, international financial market volatility has increased, and the...