Volume 8, Issue 6
Johns Hopkins University SAIS, Washington DC, U.S.
Published： 18 December 2024 ，
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XUQINGLIN HUANG. (2024). RMB Internationalization Under the BRI——A Challenge of Currency Internationalization Model. Entrepreneurship and Innovation, 8(6), 81-94..
XUQINGLIN HUANG. (2024). RMB Internationalization Under the BRI——A Challenge of Currency Internationalization Model. Entrepreneurship and Innovation, 8(6), 81-94.. DOI： 10.47297/wspeiWSP2516-253513.20240806.
The article examines the internationalization of the RMB within the framework of the Belt and Road Initiative (BRI)
highlighting its potential to reshape global currency dynamics. It addresses the economic
infrastructural
and geopolitical challenges impeding the RMB's progress as an international currency. The analysis focuses on the BRI's role in fostering cross-border settlements
enhancing financial infrastructure
and developing RMB pricing mechanisms
especially for commodities. Despite significant strides
the RMB's global acceptance remains uneven
necessitating strategic reforms in financial systems and policies. Recommendations include bolstering regional demand
improving pricing functions
and fostering onshore-offshore market integration to strengthen RMB's status as a global currency.
RMB internationalizationBelt and Road Initiativecross-border settlementfinancial infrastructureglobal currency dynamicsRMB pricingeconomic reformcurrency valuationgeopolitical strategyfinancial markets
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