Abstract: Since the implementation of the Belt and Road Initiative, the internationalization of the RMB has steadily progressed and has played an important role in promoting multilateralism and globalization and strengthening China's position as a major trading nation. In recent years, China's foreign trade has continued to grow strongly, and the release of financial energy from private digital economy and online finance platforms has effectively promoted the internationalization of the RMB, but the gap between the RMB and the US dollar, Euro and other currencies is still significant. In the new situation, accelerating the internationalization of the RMB requires deepening reforms, promoting the international leading position of the domestic economic structure, strengthening regional and cross-regional economic and trade relations such as RCEP, promoting the marketization reform of the RMB exchange rate, fully leveraging the new advantages of private new business models, encouraging financial technology innovation, and accelerating the construction of a digital payment system.
