Anbound's think-tank scholars are of the view that the US treasury bond default has become a "strategic option" of the US policies. Even if no default were involved in short-term, the global exchange rate market would surely be overwhelmed by more volatilities. Under this circumstance, China needs to readjust and speed up its RMB internalization plan. Also, it needs to reexamine its foreign reserve strategy in order to adapt to the new liberalization trend in global exchange rate.