China And Kazakhstan Cross-border Trade RMB Settlement Problem And Countermeasure Research

Kazakhstan is the fastest growing economy in the Middle East, and trading with Chinano matter in amount or quantity is the largest treading nation. China is the second largest tradepartner of Kazakhstan, the second import, export second after2011. Kazakhstan can supplyprolific mineral resources to meet Chinese demand, China may also give it rich life essentials.Kazakhstan is also contiguous to China, promoting the rapid development of bilateral trade.Bilateral trade between the two countries although started late, with the high frequentexchange of visits between the two countries, the first eight months of2013total tradevolume reached$15.932billion, with year-on-year growth of more than22.9percent. Themutually beneficial economic cooperation and friendly bilateral good-neighborly relationsand promote the flow of goods between the two countries and economic growth in theChinese and Kazakh. Under the guidance of the two governments, the financial cooperationmeetings are promoting the bilateral cross-border RMB trade settlement, the two countriessigned a bilateral currency swap agreement. The establishment of the HuoerguosiInternational Border Cooperation Center further promotes the bilateral cross-border RMBtrade settlement. Those will lay a solid foundation for RMB regionalization andinternationalization.In this paper, through the study of the cross-border RMB trade settlement developmentcourse, summarized the current situation of the development of cross-border trade settlementbetween the two countries, with Russia, the two countries the experience of the cross-borderRMB trade settlement has carried on the thorough research. Put forward the problems thatexist in the cross-border RMB trade settlement and gives countermeasures and Suggestions.The first chapter includes the research background and significance, literature review,research methods and framework, and innovation and deficiency; Ha cross-border settlementin the second chapter mainly includes the history of the evolution and the two countries to useRMB to settle cross-border trade advantages; The third chapter introduces the currentdevelopment of two countries use RMB settlement; The fourth chapter focuses on analysis ofthe two countries to use RMB to settle various problems facing; In the fifth chapter throughthe analysis of the more, the two countries have valuable experience in cross-border RMBtrade settlement to solve in the two countries effective Suggestions. Combined with theanalysis of the above, chapter6concludes that adapt to the China-Kazakhstan cross-border RMB trade settlement proposal.