RMB Internationalization: Reconstructing the New Global Economic Order

In recent years, the proportion of RMB in the foreign exchange reserve assets of the global central bank has been rising, and the scale has been steadily expanded.

Especially under the "e;The Belt and Road"e; initiative, RMB has entered people's vision and life all over the world.

As an American who has personally experienced China's financial reform for nearly 40 years, the author has used the foreign exchange coupon (FEC) and grain coupon during the period of lack of foreign exchange, experienced the single exchange rate system, double exchange rate system, internal settlement price, foreign exchange retention system, managed floating exchange rate system, and foreign exchange settlement and sales system.

He is very familiar with the reform of China's foreign exchange system.

In this book, the author explores the development path and trend of RMB internationalization from a global perspective, gives an experiential interpretation of the changes of China's foreign exchange system and the whole process of banking reform, summarizes the fundamental magic weapon for China to ride through the "e;Asian financial crisis"e; smoothly, and gives international insight into the "e;China plan"e; in the financial field in the face of new global economic problems in the new era.