The Impact Of Foreign Trade Development In China And The Countries Along The Belt And Road On RMB Internationalization:empirical Testing And Business Case Analysis

Since the reform and opening up 40 years ago,China's position in the world economy has become increasingly prominent,and the recognition of the RMB in the international community has gradually increased.In 2013,the Chinese government officially launched the “One Belt,One Road” strategy to further comprehensively carry out trade,investment and financial transactions with countries along the route.The continuous optimization and development of China's trade structure,the scope and scale of RMB use continued to expand,and the RMB was further improved.The various basic functions have enhanced the international status of the RMB and have had a positive impact on the internationalization of the RMB.Based on the above background environment,it is necessary to analyze and study the interaction between foreign trade development and RMB internationalization.This paper mainly uses the combination of literature research method and empirical research method to carry out research.Firstly,based on reading the current literature,summarizing the existing theoretical research results,analyzing the development of China's foreign trade and the status quo of RMB internationalization.Secondly,based on the relevant research of the predecessors,combined with the relevant trade finance theory,collating and analyzing the country along the “Belt and Road” The relationship between the country's foreign trade development and the internationalization of the RMB.This paper through the econometric research method finally,relevant instruction data is selected,and the VAR model is constructed to carry out comparative analysis of correlations,and analyze related business cases,and finally relevant policy recommendations for promoting RMB internationalization under the background of“One Belt,One Road” are proposed.