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Strategies for Internationalizing the RenminbiThe Prospect of Internationalizing the RMB

Strategies for Internationalizing the Renminbi: The Prospect of Internationalizing the RMB [The rapid growth of China’s economy since its reform and opening-up is, to put it bluntly, a miracle. Across Chinese history, the last thirty years have been the period with the fastest economic development; globally, China has rapidly outpaced other countries in terms of the economy. China’s GDP in 1990 was USD404.5 bn, while the GDP in 2014 was 25.66 times that of 1990. This means that the yearly growth has been equal to China’s GDP in 1990. Similarly, in 2014, Guangdong province’s GDP exceeded USD1.1 tn alone. This number is equivalent to the whole country’s GDP in 2000.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Strategies for Internationalizing the RenminbiThe Prospect of Internationalizing the RMB

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Publisher
Springer Singapore
Copyright
© Social Sciences Academic Press and Springer Nature Singapore Pte Ltd. 2018. The print edition is not for sale in China Mainland. Customers from China Mainland please order the print book from: Social Sciences Academic Press.
ISBN
978-981-13-0799-7
Pages
191 –204
DOI
10.1007/978-981-13-0800-0_8
Publisher site
See Chapter on Publisher Site

Abstract

[The rapid growth of China’s economy since its reform and opening-up is, to put it bluntly, a miracle. Across Chinese history, the last thirty years have been the period with the fastest economic development; globally, China has rapidly outpaced other countries in terms of the economy. China’s GDP in 1990 was USD404.5 bn, while the GDP in 2014 was 25.66 times that of 1990. This means that the yearly growth has been equal to China’s GDP in 1990. Similarly, in 2014, Guangdong province’s GDP exceeded USD1.1 tn alone. This number is equivalent to the whole country’s GDP in 2000.]

Published: Aug 30, 2018

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