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Academic Journal of Business & Management, 2021, 3(12); doi: 10.25236/AJBM.2021.031206.

On the Necessity and Importance of RMB Internationalization


Xinyue Rao

Corresponding Author:
Xinyue Rao

School of Shanghai Maritime University, Shanghai 200135, China


As China's economic strength continues to grow, the RMB has gradually entered the international arena, and the term RMB internationalization has gradually arisen to the public. This paper will discuss the necessity of RMB internationalization and its advantages. It is concluded that RMB internationalization has a positive role in enhancing China's international status, promoting smooth trade between China and other countries, reducing the risk of other factors, increasing government revenue, diversifying international payment instruments, and improving the stability of various international systems. Therefore, RMB internationalization has become an inevitable trend.


RMB internationalization; Necessity; Importance

Cite This Paper

Xinyue Rao. On the Necessity and Importance of RMB Internationalization. Academic Journal of Business & Management (2021) Vol. 3, Issue 12: 29-34. https://doi.org/10.25236/AJBM.2021.031206.


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[5] People's Bank of China. 2021 RMB Internationalization Report.2021. p. 22-23.