“一带一路”建设中的人民币国际化:国际公共物品的视角

Renminbi Internationalization in Constructing the “Belt and Road”:A Perspective of International Public Goods

人民币国际化具有国际公共物品的属性,这决定了"一带一路"建设中的人民币国际化离不开中国对国际公共物品的供给。相比美国和欧元区,中国依托历史机遇和自身优势,在供给置信的国际政策协调、开放的最终产品市场、便利的在岸金融交易、稳定的国际货币秩序、有效的国际开发援助和高效的基础设施建设等国际公共物品方面有一定的比较优势。结合自身的劣势及面临的挑战,中国在向"一带一路"国家供给国际公共物品时,需遵循成本收益平衡原则、增益互补原则、供求匹配原则,并讲求优势—机遇、优势—挑战、劣势—机遇、劣势—挑战四种组合策略,以确保人民币国际化的有效推进。

Renminbi internationalization means its having the property international public goods. This means that the success of Renminbi internationalization in constructing the “the Belt and Road” depends on China’s supply of international public goods. Compared with the U. S. and the euro area, China is facing historical opportunities and has a number of strengths, which endows it with comparative advantages in providing credible international policy coordination, open market for final products, convenient onshore financial transactions, stable international monetary order, effective international development aid, and high- quality infrastructure building. Taking its own weaknesses and some threats into account, China’s supply of international public goods for “the Belt and Road” countries should follow the rules of balancing costs and returns, complementing existing international arrangements, and matching supplies and demands. Based on these rules, China should take the SO, ST, WO, and WT strategies to ensure the promotion of Renminbi internationalization.