China's renminbi internationalization

China's renminbi internationalization

China has achieved some success in its Renminbi (RMB) internationalization strategy over the last two decades. Recent international sanctions imposed on Russia for its invasion of Ukraine have fueled China’s determination to expedite this strategy in order to protect Chinese national security and ec...

Full description

Saved in:
Bibliographic Details
Main Authors: Chan, Elgin, Yang, Zi
Other Authors: S. Rajaratnam School of International Studies
Format: Commentary
Language:English
Published: 2023
Subjects:
Social sciences::Political science
Country and Region Studies
International Political Economy
Online Access:https://hdl.handle.net/10356/165442
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Nanyang Technological University
Language: English
Description
Summary:China has achieved some success in its Renminbi (RMB) internationalization strategy over the last two decades. Recent international sanctions imposed on Russia for its invasion of Ukraine have fueled China’s determination to expedite this strategy in order to protect Chinese national security and economic interests. While the United States has taken steps to counter China’s RMB internationalization initiatives and to maintain the existing role of the US dollar (USD), a more intensive US-China competition in this arena is anticipated because RMB internationalization is closely linked to China’s strategic priorities.

Similar Items