Research On The RMB Internationalization Around China's Peripheral Countries And Areas

Since the reform and open policy carried out, our motherland--China has sustained the high-speed growth. China already becomes one of the world economic powers. Along with the rise of Chinese economy, the expansion of the foreign economical intercourse, as well as the enhancement of the Chinese economics status in the world, in particular the RMB stabilized in the financial crisis in Asia at 1997 that did not depreciate, which makes the international credit of the RMB highly promote. In recent years, the receptivity and distribution realm of the RMB obtains the highly development in the peripheral countries and the areas. At present the active-circulation of RMB in the peripheral countries and the areas causes the question of RMB internationalization to receive more universal attention. The RMB internationalization refers to the proceeding that the RMB is able to surmount our national boundary, circulates beyond the border, and becomes an ideal currency to price, settlement and reserve in the international. In a market, one kind of currency, as a measure of value, will greatly reduce the transaction cost in the trade and the circulation of capital, will create more trade opportunities for its area, will enhance the scales and the efficiency of the transaction and the national welfare. The enhancement of economic integration degree between China and the other asian nations will expand the Asian's market scale, and will produce to the common standard of value demand. The promotion of RMB the status will produce an inevitable result which makes the phenomenon possible that the RMB substitute other currencies in the Asia. Our country's peripheral countries and areas are regions where the RMB circulates across border most early and active. So the research has certain representation on the situation of the RMB circulation across border and the question of RMB internationalization.Firstly this article analyzes the background, the advantages and the condition of the RMB internationalization, describes the RMB circulation condition in our country peripheral countries and areas. Secondly it elaborates the main questions that face in the process of the RMB internationalization. Lastly it puts forward how to hold the turning point of the establishment of China-ASEAN FTA, and how to promote the proceeding of the RMB internationalization.