©2023IAIIAIPAPERS2308-APRIL2023ISSN2610-9603ISBN978-88-9368-288-6ChinaFinanceCurrencyDigitalpolicykeywordsABSTRACTChinahasmademajorreformstoboosttheinternationalstandingofitscurrency.Theglobalpresenceoftherenminbiremainscontained,however.ThisisduetoChina’seconomicstructure(apersistentcurrentaccountsurplusandapartiallyclosedfinancialaccount)andthegovernment’sgripontheeconomy.ChinaisalsoaCentralBankDigitalCurrency(CBDC)forerunner.Thedigitalyuan(e-cny)isalreadyactiveinalargescaletrial.Manyclaimthatthee-cnycouldprovideamajorboosttotheinternationalisationoftherenminbi.However,theinternationalisationoftherenminbiwouldrequiremajoreconomicreformsthatcannotbeby...
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