The acceleration of RMB internationalization

It is important to note that the acceleration of RMB internationalization, especially in the European market in nearly a year of frequent "out", is regarded as truly the beginning of entering the international market. At the global level, the people's bank of China zhou xiaochuan,SCH 160 Carbon Steel Seamless Pipe the governor had called for by creating a super-sovereign reserve currency to replace the dollar's reserve currency status, the process of global "dollarization" is also accelerating.

In the city of London government policy and resources committee chairman package ink kay's view,ASTM A234 wpb Butt Weld Galvanized Pipe Fittings the rise of the renminbi in the international market also provides investors with more choices, help the financial system flexible, so the resulting dollarization is not purpose but effect.

However, a currency need to satisfy multiple conditions can be regarded as a global currency. "Recent use of the yuan even double will not pose a threat to the dollar." Dia ting told this newspaper,ANSI B16.5 Class150 lb Threaded Flanges finally, a currency from the aspects of capital projects, the financial markets should be to see its use, which account for the RMB than is very low, a higher proportion of the euro, the yen.