Quotes About RMB

China has made important contribution to the world economy in terms of total economic output and trade, and the RMB has played a role in the world economic development. But making the RMB an international currency will be a fairly long process.

At the centre of the CCP's ambitious strategy for global economic domination is the push for China's currency, the renminbi or RMB (also known as the yuan), to become the foremost global currency, replacing the US dollar. The size of China's economy and the fact that the RMB is the second most used currency for trade helps, but financial markets know that China's financial system is not robust, and that the government manipulates it, which creates distrust.