Economics, Econometrics and Finance
8 years ago

China poised to make RMB the world currency with strategic internationalization.

2 views
Northern Economy and Trade
World Center Money,Offshore RMB Market and Internationalization of RMB
Xinhua Xu

Paper Summary

China aims to make its currency, the RMB, a global player by promoting its international use and creating offshore markets. By encouraging RMB usage, loosening restrictions, and fostering financial cooperation, China plans to achieve free convertibility of the RMB and establish it as a world currency.

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