Research Article
An Analytical Study on The Internationalization of China's RMB Currency
@INPROCEEDINGS{10.4108/eai.7-7-2023.2338049, author={Xiaomeng Tian and Xiaoge Zheng and Jiaxing Wei and Nan Zhang}, title={An Analytical Study on The Internationalization of China's RMB Currency}, proceedings={Proceedings of the 2nd International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2023, July 7--9, 2023, Chongqing, China}, publisher={EAI}, proceedings_a={FFIT}, year={2023}, month={10}, keywords={international monetary system; rmb; internationalization; currency}, doi={10.4108/eai.7-7-2023.2338049} }- Xiaomeng Tian
Xiaoge Zheng
Jiaxing Wei
Nan Zhang
Year: 2023
An Analytical Study on The Internationalization of China's RMB Currency
FFIT
EAI
DOI: 10.4108/eai.7-7-2023.2338049
Abstract
The internationalization of the RMB is an inevitable trend as China's economic strength increases and the value of the RMB stabilizes. This essay offers an analytical framework of the internationalization of RMB; it outlines the advantages and ad-vantages s of the RMB with a view to finding ways to avoid the harm in the interna-tionalization of the RMB, so as to make useful suggestions for policy formulation. It further constructs a comparison of the pros and cons of internationalizing the RMB with the current situation and the favorable conditions for the development of inter-nationalization. Consequently, it outlines future suggestion for the development of RMB in its facet pf development.
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