Will e-CNY spur the internationalisation of the RMB?
Pei Sai Fan, Think China – 15 June 2021
This article on Think China by academic Pei Sai Fan discusses whether or not the promotion of the e-CNY can spur the internationalisation of the RMB and its replacement of the US dollar as the international trade and reserve currency. However, he notes that “instead of jumping on the bandwagon and irrationally proclaiming that the internationalisation of the RMB is just around the corner, it is better to pursue a pragmatic approach in boosting one’s own internal strengths”.
Read the full article here.