Efforts by China to damp speculation in the yuan risks driving away investors just as the nation attempts to open up its capital markets in a once-in-a-generation economic overhaul.
After allowing the currency 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 yuan has jumped the most this month among 31 major currencies tracked by Bloomberg.
