On Restriction Of RMB Internationalization

The internationalization of the RMB as the country’s strategic plan,in the past20years has been made no small achievement. With neighboring as well as Europe, Central Asia and other countries of bilateral swap agreements has expanded each year, The RMB is impressive in the field of circulating outside, coupled with China to improve the supporting facilities of RMB internationalization, the financial system and offshore money market to perfect the RMB internationalization as a strategic output of the national brand image has been formed its own advantages.But, we see the result in the same time, more attention should be paid RMB internationalization of restricting factors. From domestic respect, our country’s economic competitiveness level compared with the developed countries, a disparity between, rough mode of development and the dual economic structure restricts raise the level of RMB internationalization; The financial system is the fragile, the2008financial crisis let us realize our country and developed countries of the world financial level is not a level; Processing trade is the main source of foreign trade, the variety of a single, and a large number of foreign exchange reserves have no in time digest, instead become a burden. From the international respect, the dollar’s hegemony advantage still exist, the Japanese worry about RMB internationalization endanger the himself in the interests of Asia, through various means to stop; Geopolitics on, southeast Asia and America, Japan and other countries deliberate exclusion of the negative of China with the outside of his interests, the circulation of the threat; Regional economic environment is not optimistic, and the surrounding countries the low level of interest rates, can’t reach the consensus in our country and effective. Whether the domestic level, or the international level, they are restricting RMB internationalization development road. This paper analyzes the current is in use in the RMB, on the basis of careful analysis of many restraining factors of RMB internationalization, for its ability to provide a good development opinions reference, guaranteeing our country’s economic interest from damage.This paper mainly by the comparative analysis, the empirical analysis and political economics analysis method. Contrast the dollar, yen, euro path of internationalization, find the international currency within similarities, thus for RMB internationalization of providing better reference; Combined with the central bank, and foreign exchange authorities announced the actual data, with the real data to show that the RMB internationalization exist in our country the restricting factors; Combined with Robert gilpin, political economics method, using hierarchical analysis, regional analysis method to illustrate this problem.Analysis indicates that RMB internationalization of our country by too many factors, belong to the defects of the innate in China, the Chinese government leading RMB internationalization of lack of too much energy, economic model backwardness is origin; International, the strength of the dollar is still, America’s global strategy does not want to see the interests of their currency endanger other countries, especially in the heart of the global politics-the Asia Pacific region. Therefore, if can’t solve RMB internationalization of their own development mode, it will be a lack of motivation support; Break the structural limits of dollars, it is hard to make a in the world. RMB internationalization should be gradual, actively looking for solutions.