China’s equity markets have been on a roller-coaster ride of late, with the country’s policymakers desperate to apply the brakes. Could the tumult derail China’s reforms, particularly its effort to make the renminbi a truly global currency?

Can the Renminbi Take on the World?
Aug 5, 2015 Alex Friedman views China's recent stock-market volatility through the lens of its reserve-currency ambitions.