TITLE:
Path Selection of Renminbi (RMB) Internationalization under “The Belt and Road” (B & R) Initiative
AUTHORS:
Siqi Xia
KEYWORDS:
“The Belt and Road” Initiative, RMB Regionalization, RMB Internationalization
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.8 No.3,
March
27,
2018
ABSTRACT: The continuous improvement of international status,
financial marketization and openness, and the deepening of regional cooperation
have greatly promoted RMB internationalization. This paper analyzes the current situation and impact of RMB
internationalization, and then basing on the
new factors including the economic mechanism, investment and trade factors, the
exchange rate system and the historical inertia of the currency, it explores a
new path selection from regionalization to internationalization. Finally, some
suggestions suitable for China’s national conditions under the Belt and Road
initiative are put forward, such as speeding up the construction of domestic
financial markets and international financial centers, strengthening trade with
neighboring countries, making effective use of the AIIB platform and
establishing a worldwide banking system.