Abstract:
RMB globalization is key in solving a series of problems and eradicating the negative influence brought by the unreasonable international monetary system. In the process, several problems arise: RMB output dilemma, impact on domestic financial system from lift of capital control required by the RMB asset fluidity, lurking perils for sustainable growth of domestic economy. Solutions to these problems include: currency exchange arrangement, establishment and improvement of offshore financial market and domestic system reform.