The internationalization process of RMB
Currency internationalization It refers to the pricing, settlement and reserve currency Process. Internationalized currencies include US dollar, euro, Japanese yen, etc. As the second largest economy in the world, China has adjusted its monetary policy in a timely manner under the influence of the economic crisis, making the internationalization of the RMB progress steadily. The 18th National Congress of the Communist Party of China has also become the focus of attention. The strength and speed of the government's financial reform will be the key.
The internationalization process of enterprises has four stages:
1. International companies: irregular export activities.
2. Multinational companies: export through independent representatives (agents).
3. Multinational companies: establish one or more sales subsidiaries.
4. Global companies: invest and set up factories abroad.
