Internationalization of RMB should be hastened
ANBOUND
Anbound conducts long-term follow-up and study on the exchange rate, and suggests that the real stable exchange rate requires the internationalization of RMB. We believe that China should establish its own internationalization timetable for RMB as soon as possible and accelerate the reform of RMB internationalization. For those countries that have come to China to seek for help and cooperation, China needs to offer RMB capital as the top priority for external projects that require Chinese government subsidies. In layman's terms, from the financial request, spending and transaction, China can follow these three steps to strengthen the internationalization of RMB. In fact, according to Anbound's estimation, once the above policy operation is formed, it will not take a long time period for it to become effective.