IMF has included RMB into the special drawing rights (SDR) basket.

Does that mean during the internationalization of RMB, a strong RMB has to be maintained?

ANBOUND's scholars are of the view that although the strength of the currency rate will have impacts on the internationalization of the currency, such impacts are not sufficient to cover the changes of the currency itself.

The key to the internationalization of RMB is steady economic growth in China and the deepening of the opening up.

If the nation remains passive in maintaining a strong currency rate just for the sake of promoting the internationalization of RMB, it will not only harm the country’s economy but it will also be detrimental to the internationalization of RMB in the long term.