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2011•Journal of Heze UniversityRequires access

The Analysis of Reality Obstacle of RMB's Internationalization and the Promotion Policies

Zhu Xing-qin

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Abstract

Although China's rapid economic growth and healthy development of financial market have laid some reality foundation for the internationalization of RMB,there still exists many obstacles in the process of RMB's internationalization.For instance,RMB is not convertible currency,and our financial market and system are not perfect.Therefore RMB's internationalization cannot be accomplished in one move.Some policies need to be adopted to promote RMB's internationalization.

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What this paper is about

Although China's rapid economic growth and healthy development of financial market have laid some reality foundation for the internationalization of RMB,there still exists many obstacles in the process of RMB's internationalization.For instance,RMB is not convertible currency,and our financial market and system are not perfect.Therefore RMB's internationalization cannot be accomplished in one move.Some policies need to be adopted to promote RMB's internationalization.

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Available abstract

Although China's rapid economic growth and healthy development of financial market have laid some reality foundation for the internationalization of RMB,there still exists many obstacles in the process of RMB's internationalization.For instance,RMB is not convertible currency,and our financial market and system are not perfect.Therefore RMB's internationalization cannot be accomplished in one move.Some policies need to be adopted to promote RMB's internationalization.

Key concepts: Renminbi, Internationalization, Obstacle, Currency, China, Promotion (chess), Business, International economics

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