Internationalization of the RMB : Currency Strategy in the
1st Edition

Internationalization of the RMB
Currency Strategy in the "Belt and Road" Construction

ISBN 9780367671600
Published December 18, 2020 by Routledge
320 Pages

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Book Description

Renminbi (RMB) internationalization and the “One Belt One Road” initiative are two important development strategies launched by China. From the perspectives of theoretical exploration, historical experience, and empirical research, this book discusses how the two strategies interact with each other. To start with, it introduces the current situation of RMB internationalization and the history of the Silk Road. Then it examines the mutual benefit relationship between the two strategies, emphasizing that commodity pricing and account settlement, infrastructure finance, industry development zone construction, and cross-border e-commerce should be the key to RMB internationalization.

Table of Contents

List of figures

List of tables

List of contributors


Chapter 1 Internationalization Index of the Renminbi

Chapter 2 Current Situation of the Internationalization of RMB

Chapter 3 The Silk Road: From the Past to the Future

Chapter 4 The "Belt and Road" Initiative and RMB’s Internationalization: Reciprocity

Chapter 5 Choice on the Pricing Currency for the "Belt and Road" Traded Products

Chapter 6 RMB in the Infrastructure Finance of the Belt and Road Initiative

Chapter 7 Using Industrial Parks to Promote RMB’s Internationalization

Chapter 8 Supporting RMB’s Internationalization by E-commerce

Chapter 9 Conclusions and Proposals

Appendix 1 Helping Domestic Corporations "Go Out" with Financial Supports under the "Belt and Road" Initiative

Appendix 2 Offshore RMB Deposits, Loans, and Dim Sum Bonds: Review and Prospect

Appendix 3 International Comparison of Tax Policy in the Belt and Road Economies - based on the Five Central Asian Countries along the Silk Road

Appendix 4 Timeline of RMB Internationalization 2014



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International Monetary Institute of the RUC (IMI) was established on December 20, 2009. The IMI is a nonprofit academic institution and think tank focusing on research on monetary finance theory, policy, and strategy.