The Development Space and Opportunity of RMB Internationalization
Xiong Ai-zong
Abstract
Xiong Ai-zong
Abstract
With the economic development in China,RMB internationalization is of great concern.The paper deeply analyses the conditions of RMB internationalization from the economic angle.Then it concludes that there is a critical condition for RMB internationalization,and the present financial crisis in USA and the depreciation of the dollar provide chances for RMB internationalization.We should realize that present RMB internationalization is expressed by RMB regionalization at some certain degree and pay close attention to the potential risks introduced by RMB internationalization.
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With the economic development in China,RMB internationalization is of great concern.The paper deeply analyses the conditions of RMB internationalization from the economic angle.Then it concludes that there is a critical condition for RMB internationalization,and the present financial crisis in USA and the depreciation of the dollar provide chances for RMB internationalization.We should realize that present RMB internationalization is expressed by RMB regionalization at some certain degree and pay close attention to the potential risks introduced by RMB internationalization.
Key concepts: Renminbi, Internationalization, Liberian dollar, Depreciation (economics), China, Us dollar, Business, Financial crisis