The Research On The Potential Impact On Chinese Economy And The Stratege Of China From RMB Regionalization

The internationalization of renminbi can be traced back to 1993, when the yuan is the currency of international settlement of border trade.In2007,U.S. subprime mortgage crisis erupted,the rapid invasion of the Wall Street financial crisis around the world, some of the major issue of international currency countries are also subject to the financial crisis,this financial crisis has seriously affected the world economy, the world economy is in a depressed state, but because of the RMB is relatively stable currency, so in order to avoid financial risks, some Southeast Asian countries around China are inclined to use the RMB to trade. From the end of 2008, there have been South Korea, Hong Kong, Belarus and other countries and regions, six central banks and monetary authorities signed a total of 6,500 billion yuan of currency swap agreements with the People's Bank of China., this is a challenge of thehegemony of U.S. in the world. Precarious status of U.S. hegemony, RMB with its strong economy strength in the increasingly important of international position. This is undoubtedly has created a millennium opportunity to the RMB regionalization, internationalization.the voice of the RMB as a means of payment are also increasing.We can be said that the time of the internationalization of renminbi may be.China in the Asian region, with countries within and outside except Hong Kong, Macao and the region with the increasingly close Foreign Trade and Economic. Especially in China and neighboring countries and regions of the cross-border trade, so that a large number of circulation of RMB in offshore and in some neighboring countries and the area became the pricing, settlement and reserve currency, which tends to the RMB in the heart of the ASEAN region. In 2010, China has been overtaken Japan as the second largest economic entities, so China should seize the opportunity to achieve steady progress of RMB regionalization, identify a large country in the world economy.However, because in the ASEAN region, has been the implementation of the U.S. dollar standard system, the regionalization of RMB not happen overnight, to long-term perspective.In this paper, based on previous studies, this article in order to analysis renminbi reginalization well so that stand at the point of the internationalization of renminbi. the first reality of regionalization of RMB analyzed, the RMB is in the direction from the periphery of the process to regionalization, in this process, there are challenges and opportunities, this article has described all of that. Secondly, this article has also discussed the advantages and disadvantages of the Chinese economy, which are bringed by the regionalization of RMB. Again,if the renminbi want to be the smooth implementation of regionalization, and can became well-known in the international financial markets, then we must learn from other major international currency of the country experiences and lessons, which can help China take more favorable measures in the the process of RMB internationalization, based on this perspective, this paper has summarized. Finally, combined with China's actual economic situation, in order to the greatest avoid degree of the regionalization of RMB to China's economic losses, and in order to promote the success of the regionalization of the renminbi and ultimately achieve the fly of Chinese economy, this article from the perspective of the exchange rate, improve the domestic financial system, and investment activities, have put forward some specific policies and measures of RMB regionalization.