Efforts by China to damp speculation in its currency risks driving away investors just as it’s attempting to open up its capital markets in a once-in-a-generation economic overhaul.
After allowing the yuan to steadily rise in each of the past four years, China’s central bank let it tumble about 1 percent over the past week, the most since at least 2007. Volatility in the currency has jumped the most this month among 31 major currencies tracked by Bloomberg.
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