The article discusses the internationalization of the Chinese currency, Renminbi (RMB), since the 21st century. It suggests different stages and strategies for RMB internationalization based on the currency's functions, time frame, and reach. The process involves evolving RMB's international role, increasing its use over time, and expanding its circulation globally. This approach combines general principles of currency internationalization with China's specific circumstances. The success of RMB internationalization could lead to a new pattern in the global currency market, impacting the dominance of the US dollar, Euro, and Japanese Yen.