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The Effect of RMB's Regional Internationalization

Tong Ling

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Abstract

After the financial crisis in Southeast Asia in 1997,RMB holds the world's attention,it is widely accepted in Hong Kong and Macao regions,and it also circulates in China's surrounding countries and regions,RMB achieves initial regionalization.RMB internationalization can bring China a huge profit,but it can also bring some unavoidable negative effects.Therefore,we should carefully promote RMB internationalization according to China's actual economic situation.

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What this paper is about

After the financial crisis in Southeast Asia in 1997,RMB holds the world's attention,it is widely accepted in Hong Kong and Macao regions,and it also circulates in China's surrounding countries and regions,RMB achieves initial regionalization.RMB internationalization can bring China a huge profit,but it can also bring some unavoidable negative effects.Therefore,we should carefully promote RMB internationalization according to China's actual economic situation.

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Available abstract

After the financial crisis in Southeast Asia in 1997,RMB holds the world's attention,it is widely accepted in Hong Kong and Macao regions,and it also circulates in China's surrounding countries and regions,RMB achieves initial regionalization.RMB internationalization can bring China a huge profit,but it can also bring some unavoidable negative effects.Therefore,we should carefully promote RMB internationalization according to China's actual economic situation.

Key concepts: Renminbi, Internationalization, China, Profit (economics), Business, Financial crisis, International trade, International economics

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