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
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.
 Information on: https://baike.baidu.com/item/RMB Internationalization/8983091
 Yufei Weng, Hongliang Ji. The process and trend of RMB internationalization. New Economy. Vol. 21 (2016).
 Miaojie Yu. RMB Internationalization and Belt and Road Initiative. China-US Trade War and Trade Talk. May 2020, p.145-159.
 People's Bank of China. 2017 RMB Internationalization Report. China financial Publishing House. 2017. p.1-3.
 People's Bank of China. 2021 RMB Internationalization Report.2021. p. 22-23.