w88 casino games login internationalization leads to a new pattern of opening up
Ding Zhijie
(Source: "Guangming Daily"2015Year10month14日 No.2version)
This year8In September, the RMB surpassed the Japanese yen and became the fourth largest payment currency in the world after the US dollar, the euro, and the British pound. The RMB is also the world's second largest w88 financing currency and the sixth largest currency for foreign exchange transactions. More and more countries, including developed countries, choose to use the RMB as a foreign exchange reserve currency.2015Year69124_9253
The internationalization of the RMB is the need for my country to better and more effectively participate in globalization, and is an important foundation for the implementation of a new round of high-level opening up. Opening up to the outside world is my country's basic national policy and an important driving force for economic take-off and rapid development in the past. However, with the deepening of opening up to the outside world and changes in the international economic situation, the traditional opening up model, which focuses on exports and the use of foreign investment, has encountered bottlenecks, which is highlighted by the decline in the benefits of opening up to the outside world. my country is the world's second largest creditor country and has been exporting savings, but the net return on international investment is negative. One of the deep-seated reasons is that the RMB is not an international currency. Foreign economic and w88 activities have to use other countries' currencies, pay seigniorage, and have to be "shorn." Only when the RMB becomes an international currency can my country be its own international banker, which provides an important guarantee for solving the root cause of the low-efficiency problem of opening up, and lays a solid foundation for shifting to a new opening-up pattern that places equal emphasis on exports and imports, and on the utilization of foreign capital and outbound investment.
The internationalization of the w88 casino games login will continue to inject new impetus into our country’s economy, which has entered the new normal. The w88 casino games login becoming an international currency will greatly reduce the need for foreign exchange reserves.3.5A large part of the trillion-dollar foreign exchange reserves can be released to be directly used for various economic development needs, and the quality of development will be greatly improved. For enterprises, using RMB as the currency for import and export settlement can effectively avoid exchange rate risks and facilitate the further development of w88; directly using RMB for foreign investment opens up new funding sources for foreign investment and significantly eases currency constraints on foreign investment. For Chinese people, as the RMB is widely accepted internationally, not only cross-border consumption such as traveling, shopping, and studying abroad has become more convenient, but Chinese people's assets and income have also become international, and the spatial scope of asset allocation has been expanded from domestic to international.
RMB internationalization is also my country’s contribution to the world and a new tool to solve global development problems. As the currency of developing countries, the RMB has become a member of the international monetary family, bringing new checks and balances to the international monetary system, conducive to improving the international monetary pattern, and promoting the development of the international monetary system in a fair, just and orderly direction. Development issues will receive due attention, and the development environment will also be improved. RMB internationalization will also promote economic and w88 exchanges among developing countries and deepen monetary and financial cooperation between them. South-South cooperation, which was once stagnant, may become a new bright spot in global development. When our country develops foreign investment, capital will participate in the economic construction of the host country in a more friendly way, assist the economic development of the host country, and achieve mutual benefit and win-win results. RMB internationalization also provides new investment opportunities and choices for international investors. Behind RMB assets is the rising Chinese economy. Investing in RMB is investing in the Chinese economy.
Because of this, the internationalization of the w88 casino games login has attracted widespread attention at home and abroad. Can w88 casino games login be addedSDRis a recent hot event.SDRIt is a basket of currencies created by the International Monetary Fund. It currently consists of four currencies: the US dollar, the euro, the British pound, and the Japanese yen. w88 casino games login joinSDRBecoming its fifth currency is of iconic significance and means that the w88 casino games login has become a major benchmark currency in the world. Our country is the world's largest exporter, and the w88 casino games login is becoming more and more widely used internationally. According to relevant regulations, w88 casino games login is eligible to joinSDR's basic conditions, and there are no substantial obstacles. Due to the addition of w88 casino games loginSDRIt requires a vote by IMF member countries, and there is still uncertainty. Actually, joinSDRIt is the result of the internationalization of w88 casino games login. Even if it is temporarily unable to join, it will not have much negative impact. Therefore, adding to the w88 casino games loginSDRKeep a normal mind. Regardless of the outcome, the process of w88 casino games login internationalization will continue. External forces cannot stop the w88 casino games login from becoming an international currency. JoinSDRIt's just a matter of time.
(The author is a professor at the w88 casino)
Attachment: Original report link:
http://epaper.gmw.cn/gmrb/html/2015-10/14/nw.D110000gmrb_20151014_1-02.htm?div=-1
http://theory.people.com.cn/n/2015/1014/c40531-27695537.html
http://news.xinhuanet.com/fortune/2015-10/14/c_128317777.htm
