Renminbi (RMB) Internationalization Analyses

The discussion of Renminbi (RMB) internationalization problem in various cycles has been deepened after 21st century. These researches propose development stages and strategy imagination for RMB internationalization from condition and principle of currency internationalization. A pattern for RMB internationalization can be outlined by analyzing targets of RMB internationalization, realization prompt and strategy: the course of RMB internationalization is a dynamic unification of international currency function evolution of RMB, time period promotion and circulation range expansion, the essence of which is a combination of general principle of currency internationalization and China's local situation. It will have internationalization prompts of US dollar, Euro, and Japanese Yen, promoting its evolution stage in an unbalanced way. Its success will create quite a new currency internationalization pattern.