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The Research on the Opportunity and Approach of RMB (Renminbi) Internationalization

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DOI: 10.23977/ferm.2024.070114 | Downloads: 32 | Views: 236

Author(s)

Tan Weijie 1

Affiliation(s)

1 College of Communication and Management, Sichuan University of Media and Communications, Chengdu, China

Corresponding Author

Tan Weijie

ABSTRACT

The world power, its currency is also bound to have a strong strength in the world economic field, such as the US dollar, pound sterling and the euro. Now although China's comprehensive strength is among the best in the world, the RMB are still unable to reach the position of China's comprehensive strength, whether from the circulation, settlement and reserve aspects. In other words, the internationalization of the RMB is a task that China must achieve. This paper takes the opportunity of RMB internationalization as the clue, focuses on the analysis of the ways that help promote the internationalization of the RMB, mainly analyzes the economic behaviors that have more development opportunities in the realistic background, namely, the foreign direct investment and cross-border trade. Through the study of the relationship between the two economic behaviors and the internationalization of the RMB, this paper explores the ways to promote the internationalization of the RMB.

KEYWORDS

RMB internationalization, opportunity, approach

CITE THIS PAPER

Tan Weijie, The Research on the Opportunity and Approach of RMB (Renminbi) Internationalization. Financial Engineering and Risk Management (2024) Vol. 7: 91-98. DOI: http://dx.doi.org/10.23977/ferm.2024.070114.

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