The Crux Of RMB Internationalization

It is an inevitable trend to realize monetary internationalization, especiallyfor nations keeping optimum economic development to a certain stage. Theeconomic power of a nation is not only reflected in the demand of domesticconsumption or sustainable development in industry, but also manifested in thestatus during the international trade and commerce. The more frequent worldtradehappens in a nation, the more urgent demand for monetaryinternationalization is in need. Thus, To Trade, in a simple and convenient way,with nationsin stable currency value is a cherished desire for tradepartners Asyet, The rapid development of import and export trade in china has given rise toa profounded influence on economic globalization.however,Taking Americandollar as exchange money in the balance of commerce, will carry the risks offluctuations of trading volume, accompanied with cumbersome processes unavoidably.Therefore, Taking all aboves into consideration, we can concludethat the advancement of RMB internationalization is an imperative process.There are four parts in this paper, The first part is main fortheoreticalanalysis that how did the USA, Japan and other developed countries realize theprocess of international currency, mainly including the definition of currencyinternationalizationand the analysis of economic background within country.The second part is main for empirical analysis by making before and aftercomparison about economic development of currency internationalization,mainly including a comparative analysis of procedure and experience betweenagricultural economy and industrial development in these countries.drawing theconclusion that the development speed of currency internationalization is inproportion to the economic development of a country. The third part based onthe second chapter is main for the inspiration and experience for nationaleconomic reference which is concluded from the economic development ofdeveloped countries, As well as the development issue confronted by national economy. The fourth part is main for strategies and measures about how to dealwith the issuesbrought about by the economic development, meanwhile,exploring a new journey which is adequate for RMB during monetaryinternationalization.The purpose of this paper is to discuss the new idea about RMB to realizeinternationalization, based on the analysis of presentcondition in the way ofeconomic development.Comparative analysisesare made respectively as follows,whether the condition of present economic in china is qualified for monetaryinternationalization, how to address the cruxeswhich are adverse to economicdevelopment, and the concrete approach for implementation of RMBinternationalization. Afterwards, A conclusion was generalized that a powerfuleconomic background is the primality for RMB to realize internationalization,secondly, increasingly sustainable development is demanded for nationaleconomy.Hence, Facing on the situation that export trade is excessive dependedby our nation, to develop rural industry and to support the development of small and medium enterprises, in order to increase the income of farmers and workers,to provide a boost to the domestic consumption and to form sustainableeconomic development pattern, is the most effective way to improve theeconomic situation at present. Only powerful economic development can pushforward the procesure of RMB internationalization. In return, RMBinternationalization also contributes to the sustainable economic development,eliminating the obstacle of fluctuation in exchange, promoting the internationalstatus of China. Instructive significanceexists in this research topic,No matter intheory or in practice, for the economic development of China under the situationof RMB internationalization...