308 pages | 49 B/W Illus.
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.
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
The China Perspectives series focuses on translating and publishing works by leading Chinese scholars, writing about both global topics and China-related themes. It covers Humanities & Social Sciences, Education, Media and Psychology, as well as many interdisciplinary themes.
This is the first time that any of these books have been translated into English for international readers. The series aims to put forward a Chinese perspective, give insights into cutting-edge academic thinking in China, and inspire researchers globally.