Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that China’s request to include its currency, the renminbi (RMB), in an International Monetary Fund (IMF) currency basket, known as special drawing right (SDR), is political as much as economic in intent and effect. The inclusion would signal a milestone in China’s transition to a less-regulated economy.

Bottom Line: British Prime Minister Theresa May’s decision to seek early elections comes as the economic costs of Brexit are becoming more apparent. While the removal of electoral uncertainty may be …