The Internationalization of RMB: Economy of China

This lecture delves into the internationalization of the Renminbi (RMB) and its implications on the global economy, focusing on China's economic reforms and the RMB's potential as a global currency. It discusses the RCEP agreement, the role of the RMB in international trade, and the challenges China faces in balancing economic growth. The debate on whether the RMB can become a global currency is explored, along with the factors influencing its international use. The lecture also covers the significance of China's foreign exchange reserves, the dual currency system (CNY and CNH), and the environmental costs of China's economic growth.