Theoretical Research And Empirical Analysis On Cross-border Trade RMB Settlement

With the rising power of China's economy,our country in the international economic stage plays a more and more important role.At the same time,domestic and foreign scholars and media have gradually raised the interest of RMB,and the internationalization of RMB has become a hot topic.However,it is important to realize that the internationalization of RMB cannot be achieved overnight.We should keep our feet on the ground,do all the work well and make steady progress in a planned way.To become an international currency,RMB must be paid more attention to the study of RMB settlement in cross-border trade.Cross-border yuan trade settlement is an important foundation for the internationalization of the RMB,to promote the steady growth of China's foreign trade and strengthen the initiative in our country in international trade is of great significance.In addition,the development of cross-border yuan trade settlement means that the yuan's use scope extended to the neighboring countries from China and various countries and regions in the world,to expand the discourse in China in the international economic system and speed up the reform of the domestic financial system has a vital role.Since the trial of RMB settlement of cross-border trade in RMB,the development of RMB settlement business in cross-border trade has achieved fruitful results,and China's RMB internationalization path has also made steady progress.From the economic point of view,there are some factors that promote the RMB settlement and development of cross-border trade,while some factors restrict its development.After reading a lot of literature and monographs,this paper studies the settlement of cross-border trade RMB.The main body of this article consists of six chapters.The first chapter is the introduction.The second chapter is the related theoretical basis.The third chapter reviewsthe development of RMB settlement in cross-border trade,and probes into the current situation and related issues.The fourth chapter analyzes the factors that may affect the settlement of cross-border trade RMB.The fifth chapter is the empirical analysis of the influencing factors of RMB settlement of cross-border trade.The sixth chapter puts forward some policy suggestions on the development of cross-border trade RMB settlement business after combining theoretical analysis and empirical research.It is believed that in the future,with the continuous development of cross-border RMB settlement business in the new era,the internationalization of RMB will be realized.