CF40 member Guo Kai gave some specific proposals for the re-starting of the internationalization of #RMB at mp.weixin.qq.com/s/kCLviAhMXdx4…
He suggest China should realize the supply-side-driven internationalization of the RMB with it as the anchor of China's financial reform and opening up. 2/6
The basic approach to shifting to supply-side driven could be creating a suitable policy environment, market environment and institutional environment for the internationalization of the RMB.3/6
The internationalization of RMB should neither be a subordinate to other policy objectives nor the result of other policy adjustments.4/6
The difficulties encountered by the internationalization of the RMB in 2015-2017 are partly due to giving way for other more urgent goals at the time.5/6
In the next step, monetary policy, exchange rate policy and capital flow policy shall be measured based on their contribution to the medium and long term development of the internationalization of the RMB. 6/6
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.