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International Journal of Frontiers in Sociology, 2023, 5(7); doi: 10.25236/IJFS.2023.050715.

The Development, Challenges and Suggestions of Digital RMB and RMB Internationalization


Min Zeng

Corresponding Author:
Min Zeng

Department of Economics, Shanghai University, Shanghai, China


Digital economy is a new economic form with the development of big data, artificial intelligence and blockchain technology. The rapid development of digital economy has profoundly changed our way of production and life, and has great significance in the reconstruction of global factors and economic development. Driven by the digital economy, the academic circles at home and abroad have aroused a research boom. The People's Bank of China is also paying close attention to the impact of RMB digitalization on economic stability, RMB system and financial policies. With the development of the digital economy, the wave of many cryptocurrencies has been opened. In the context of cryptocurrencies, the development of digital currencies has been the general trend of the central bank, but also faced with severe challenges. As the country promotes the internationalization of RMB, the investment and promotion of digital RMB, ensuring the security of digital RMB and establishing an effective regulatory system are of great significance to the development of China's digital economy and the promotion of RMB internationalization.


Digital RMB, RMB Internationalization, Digital Economy

Cite This Paper

Min Zeng. The Development, Challenges and Suggestions of Digital RMB and RMB Internationalization. International Journal of Frontiers in Sociology (2023), Vol. 5, Issue 7: 92-97. https://doi.org/10.25236/IJFS.2023.050715.


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