Severe economic challenges and political obstacles look sure to resign China's currency to a fate short of major reserve currency status. China’s currency is on the rise. Buoyed by the economy’s outperformance and global trade impact, policy steps over the past few years have thrust...

A close look at the data tells an ambivalent story about China's growth. With most of the developed world still struggling to deliver sustained growth, much is resting on the continued strength of emerging markets in general and of China in particular. China watchers have...