Internationalization of the Renminbi? -- Prospects and Challenges

Shen Wei, Professor of Law, Shanghai Jiaotong University Law School 
| CSCC Conference Room, Fisher-Bennett Hall 345

"Internationalization" of the Renminbi has been an important economic and foreign policy goal for China. And it is a precondition to China's currency becoming a supplement or a rival to the US dollar in the international economic system. Yet Internationalization  presents risks for China, faces difficult legal and practical obstacles, and has yet to be achieved.  What are the prospects and problems for RMB "Internationalization" now?