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Wednesday, March 12, 2014
RMB Internalization Is The Weak Link in China's Reform and Openness
ANBOUND

Over the past 6 years, RMB internalization policy has encountered a lot of restrictions and became a weak link in China's reform and openness. From ANBOUND research team’s point of view, the process of RMB internalization must be adapted to China’s international trade and investment status in the first place. However, the central bank is way behind in this aspect. The key for central bank to promote RMB internalization is not the market but the policy thinking instead. How to accurately grasp the responsibility of the central bank and how to re-position the international responsibility of RMB are main agendas of comprehensive deepening reform.

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