2009Cai-mao jingjiRequires access

Study on Some Problems About RMB Internationalization

Yuanlong Wang

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Abstract

RMB internationalization is the only way for China to fully integrate into economic and financial globalization.RMB internationalization is not only necessary but also urgent.As the RMB internationalization process push forward,profit and cost problems will emerge,so related risks should be paid close attention to and try best to develop the strong points and avoid the weak ones.The general RMB internationalization strategies are‘do both things simultaneously'and‘practice both the internal and external power',namely to push RMB internationalization while tamping the foundation and enhancing internal strength,to choose two levels‘three steps'in strategy and policy orientation.In order to overcome the constraints in pushing RMB internationalization, the basic idea could be tamping the foundation of RMB internationalization,dialectically regarding the prerequisites of RMB internationalization and enlarging RMB international turnover as a breakthrough point.

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RMB internationalization is the only way for China to fully integrate into economic and financial globalization.RMB internationalization is not only necessary but also urgent.As the RMB internationalization process push forward,profit and cost problems will emerge,so related risks should be paid close attention to and try best to develop the strong points and avoid the weak ones.The general RMB internationalization strategies are‘do both things simultaneously'and‘practice both the internal and external power',namely to push RMB internationalization while tamping the foundation and enhancing internal strength,to choose two levels‘three steps'in strategy and policy orientation.In order to overcome the constraints in pushing RMB internationalization, the basic idea could be tamping the foundation of RMB internationalization,dialectically regarding the prerequisites of RMB internationalization and enlarging RMB international turnover as a breakthrough point.

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Available abstract

RMB internationalization is the only way for China to fully integrate into economic and financial globalization.RMB internationalization is not only necessary but also urgent.As the RMB internationalization process push forward,profit and cost problems will emerge,so related risks should be paid close attention to and try best to develop the strong points and avoid the weak ones.The general RMB internationalization strategies are‘do both things simultaneously'and‘practice both the internal and external power',namely to push RMB internationalization while tamping the foundation and enhancing internal strength,to choose two levels‘three steps'in strategy and policy orientation.In order to overcome the constraints in pushing RMB internationalization, the basic idea could be tamping the foundation of RMB internationalization,dialectically regarding the prerequisites of RMB internationalization and enlarging RMB international turnover as a breakthrough point.

Key concepts: Internationalization, Renminbi, Business, China, Globalization, Profit (economics), Order (exchange), International economics

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