 The Impact of “Belt and Road” on RMB Internationalization under the Double Cycle Development PatternCheng Meng ()
A chapter in Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024), 2024, pp 4-13 from Springer Abstract: Abstract The building of a high-quality Belt and Road is a crucial driving force, which will unavoidably speed the RMB’s internationalization process. Promoting the new development pattern of double-loop is the core of implementing the RMB internationalization plan in the new era. This article examines pertinent data from 26 nations between 2009 and 2022 for empirical analysis, viewing the Belt and Road Initiative and the new double-loop development pattern from this perspective. This paper presents policy proposals in three areas by combining theory and practical evidence: encouraging the reform of the domestic financial system, putting the Belt and Road Initiative and the new development pattern into practice, and expanding China’s international investment and trade. Keywords: the Belt and Road; RMB internationalization; OFDI; Import and export trade (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-548-5_2 Ordering information: This item can be ordered from DOI: 10.2991/978-94-6463-548-5_2 Access Statistics for this chapter More chapters in Advances in Economics, Business and Management Research from Springer |
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