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portada Rmb Internationalization in 2023: Broader and Multi-Level Economic and Trade Cooperation
Type
Physical Book
Publisher
Author
Language
English
Pages
302
Format
Hardcover
ISBN13
9789819764365
Edition No.
2024th

Rmb Internationalization in 2023: Broader and Multi-Level Economic and Trade Cooperation

Wang Fang,Qian Zongxin (Author) · Palgrave Macmillan · Hardcover

Rmb Internationalization in 2023: Broader and Multi-Level Economic and Trade Cooperation - Wang Fang,Qian Zongxin

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Synopsis "Rmb Internationalization in 2023: Broader and Multi-Level Economic and Trade Cooperation"

The "Report on RMB Internationalization 2023: Broadening and Deepening Economic and Trade Cooperation" is the 12th annual report from the International Monetary Institute (IMI) at Renmin University of China. The report follows a general-to-specific analytical approach combining a literature review, comparative studies and empirical analysis. It systematically demonstrates the significance and mechanism of constructing a comprehensive global economic and trade cooperation network for RMB internationalization. Focusing on three international cooperation agreements that target different levels and areas, the Regional Comprehensive Economic Partnership (RCEP), China-EU Comprehensive Agreement on Investment (CAl), and Digital Economic Partnership Agreement (DEPA), the report discusses the opportunities and challenges of RMB internationalization according to its priorities and development paths in difference phases. The report emphasizes that as the international currency competition has entered a strategic stalemate stage, RMB internationalization needs to maintain its strategic stability while pursuing progress in a planned way. Internally, China should accumulate strength to make up for disadvantages promptly. Externally, it should engage in extensive cooperation and prioritize risk prevention to improve the convenience and security of the use of RMB internationally. More chances should be created for the use of RMB in order to establish a solid foundation for an RMB currency area.

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