China's currency, the renminbi (RMB), is becoming a major player in international trade and finance. The Chinese government has been strategically promoting the RMB's rise by tying it to the country's economic growth and global influence. Despite some risks, the RMB has been recognized by the International Monetary Fund as an official reserve currency. However, it is unlikely to surpass the U.S. dollar in global dominance. The RMB will continue to grow in importance but may not become a top safe haven currency for investors.