Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)

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The Impact of “Belt and Road” on RMB Internationalization under the Double Cycle Development Pattern

--Taking Countries Along the “Belt and Road” as an Example

Authors
Cheng Meng1, *
1School of Economics, Zhongnan University of Economics and Law, Wuhan, Hubei, 430073, China
*Corresponding author. Email: 13973131252@163.com
Corresponding Author
Cheng Meng
Available Online 21 October 2024.
DOI
10.2991/978-94-6463-548-5_2How to use a DOI?
Keywords
the Belt and Road; RMB internationalization; OFDI; Import and export trade
Abstract

The building of a high-quality Belt and Road is a crucial driving force, which will unavoidably speed the RMB’s internationalization process. Promoting the new development pattern of double-loop is the core of implementing the RMB internationalization plan in the new era. This article examines pertinent data from 26 nations between 2009 and 2022 for empirical analysis, viewing the Belt and Road Initiative and the new double-loop development pattern from this perspective. This paper presents policy proposals in three areas by combining theory and practical evidence: encouraging the reform of the domestic financial system, putting the Belt and Road Initiative and the new development pattern into practice, and expanding China’s international investment and trade.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
21 October 2024
ISBN
978-94-6463-548-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-548-5_2How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Cheng Meng
PY  - 2024
DA  - 2024/10/21
TI  - The Impact of “Belt and Road” on RMB Internationalization under the Double Cycle Development Pattern
BT  - Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)
PB  - Atlantis Press
SP  - 4
EP  - 13
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-548-5_2
DO  - 10.2991/978-94-6463-548-5_2
ID  - Meng2024
ER  -