A geological and functional “three-step strategy” for renminbi's internationalization

Internationalization of the renminbi is the only option for China to fully integrate into the global economic and financial systems. It is not only necessary but imperative as well. With the discussion of advancing renminbi internationalization, benef its and costs must be addressed. We need to closely monitor possible risks and bring out the benefits while averting disadvantages. The overall strategy is to consolidate the groundwork and at the same time actively advance renminbi internationalization and opt for a "three-step" strategy at both strategic and policy levels. To overcome the constraints standing in the way of renminbi internationalization, the basic goals should be: to enhance the readiness of renminbi internationalization, dialectically assess the preconditions, and increase the currency's international circulation as a way to achieve major progress in renminbi internationalization.

Internationalization of the Renminbi:Status and Prospects

The recent global financial crisis has revealed great defects in the US dollar dominated international monetary system.In response,countries and international organizations have developed numerous proposals for reform of the system.With China's growing economic presence,the renminbi is gaining recognition and acceptance in international markets and is slowly beginning to play a significant role in trade settlement and offshore market development.Meanwhile,it is important to remain aware of the limitations of renminbi internationalization and the gaps that exist between it and other major world currencies.Once fully implemented,renminbi internationalization will result in it becoming a major currency on the world stage in approximately 15 years.

Research on the Path of Further Deepening the Reform and Internationalization of English Education in the Hainan Free Trade Zone

With the establishment of the Hainan Free Trade Zone(FTZ),the internationalization of English education has become a key element of the region’s educational reform efforts.As globalization intensifies,fostering an internationalized English education system is crucial for improving the competitiveness and global positioning of the Hainan FTZ.This study explores the multiple pathways and strategies for promoting the internationalization of English education in the Hainan FTZ,focusing on aspects such as policy support,curriculum reform,teacher training,international collaboration,and the effective allocation of educational resources.By examining the current state of English education in the region,identifying key challenges,and drawing insights from successful domestic and international cases-particularly from free trade zones elsewhere-this paper offers actionable recommendations.These suggestions aim to enhance the region’s educational outcomes,thereby bolstering the Hainan FTZ’s broader objectives of economic growth and enhanced global connectivity.The proposed strategies also seek to elevate the international stature of the Hainan FTZ as a regional hub for talent development,international exchange,and soft power enhancement.

Research on the Current Situation of China’s Higher Education Students Studying Abroad in the Context of Higher Education Internationalization

In the context of education internationalization,the internationalization of higher education has become a major trend in the field of education in most countries,with international student education as the core.This phenomenon promotes cultural exchanges and integration among countries as well as higher education reform,which is of great significance in enhancing the international influence of higher education in each country.However,there are also some challenges faced by higher education students when studying abroad.The article digs into the origin and history of studying abroad,analyzes the current situation and reasons for higher education students in China to study abroad,discusses the opportunities and challenges faced by higher education students in China when studying abroad,and analyzes the trend of studying abroad in China.

Renminbi Internationalization and Stability of the International Monetary System

This paper investigates the stability of the international monetary system using the new open economic analysis framework. Our research has discovered that conditions for the stability of the international monetary system are such that the economic volume of reserve currency countries must be large enough and that the solvency capacity growth rate of reserve currency countries should be no lower than the real output growth rate of non- reserve currency countries and the real return of the reserve currency,＂ the existence of the valuation effect cannot secure the stability of a reserve currency,＂ and inclusion of the euro and the Japanese yen into international reserve currencies cannot stabilize the international monetary system, while Renminbi internationalization plays an irreplaceable role to the stability of the international monetary system.

Renminbi internationalization lacks micro base

The current global financial crisis's severity is rarely seen once in a century. Due to a lack of liquidity-attracting new industries, the economic adjustment might be prolonged; and the multiplier effects of international finance and international trade call for joint rescue plans on a global basis. China's recent price adjustment has proven a failure and its domestic consumption-stimulating policy is ineffective. Investments and exports remain the growth engine for China's economy. So the country should make efforts to maintain export competitiveness with output adjustment, restoration of interest rate parity and reduction of the tax rate parity. Internationalization of the U.S. dollar-permeated renminbi is not a sensible choice, as the renminbi is not, in essence, an international currency, and it lacks a micro-foundation.

Internationalization of Higher Education:A Critical Literature Review of the UK Outward Student Mobility

The outward student mobility has been recognized as an instrument for the internationalization of higher education(IHE)world-widely and in the UK.This paper intends to critically review the existing literature in order to identify the current trend and issues of the UK outward student mobility under the IHE.It points out that the focus of current international educational activities is attracting foreign/inward students out of the economic impetus in the UK.Consequently,the outward student mobility is given the less recognition than the inward one in the UK policy-making and researches,which could lead the imbalanced gains for UK-domiciled students.Thus,it suggests that both the UK government education sectors and institutions should more develop the outward student mobility;moreover,future researches could investigate more about outward students’personal development.

On Significance of Cross-cultural Communication in International Business-Specified on Accounting Internationalization

There is limited information about intercultural communication during the process of accounting internationalization,and Chinese accounting still has a long way to go because of the disparity in accounting principles,business culture and so on.This paper talks about the necessity of accounting internationalization and the importance of intercultural communication skill,aiming at reminding people that a good command of intercultural communication skill is a must.Some suggestions are given in hope of contributing to cross-cultural communication during the process of Chinese accounting internationalization.

Internationalization of Higher Education in OECD Countries in Economic Liberalization

Taking the four approaches to internationalization of education as the departure point,the paper analyzes internationalization of higher education in OECD countries.

Nonlinear correlation between RMB internationalization and nonferrous metal prices

The correlation between Renminbi(RMB) internationalization and nonferrous metal prices was studied using the nonlinear Granger causality test and the dynamic conditional correlation-generalized autoregressive conditional heteroskedastic(DCC-GARCH) model. The results indicate that the relationship between RMB internationalization and nonferrous metal prices reflects a complex nonlinear mechanism. There was no mutual influence between RMB internationalization and nonferrous metal prices prior to the trials of the RMB settlement in the cross-border trade in July 2009. Since then, however, a bidirectional causal relationship between RMB internationalization and the price of copper and a unidirectional causal relationship from the price of aluminum to RMB internationalization were examined. In addition, due to the impact of extreme events, such as economic and financial crises, RMB internationalization and nonferrous metal prices are not always positively correlated but are rather occasionally negatively correlated.

Belt and Road Boosts RMB Internationalization

Expediting the RMB internationalization in countries along the Belt and Road routes will knock down bottlenecks affecting Chinese investors in exchange rates, financing, and debts, and increase capital resources for these countries.

Study on Current Trends in the Development of Traditional Chinese Medicine in Australia and Policy Proposals of Internationalization of Traditional Chinese Medicine Education in Future

With the rapid rise of China’s economy and the deployment of the Belt and Road Initiative,traditional Chinese medicine(TCM),one of the main components of Chinese culture,has become an important aspect of foreign exchange.Therefore,recent research has focused on how to effectively spread TCM culture internationally and improve TCM acceptance.Australia is currently a representative region with decent TCM development.Taking TCM development in Australia as a starting point,this article analyzes the challenges in TCM development,discusses countermeasures to address these issues,and provides recommendations for improving the international development and dissemination of TCM.

Research on Speeding up the Internationalization of Private Higher Vocational Education

The internationalization of education and the implementation of bilingual education are the inevitable choice to promote the reform of education and teaching that improve the professional competitive advantage and carry out the internationalization strategy. Since this article according to touches on foreign affairs the institute to found succeeds the experience background and the foundation, the encompassment ＂the education internationalization＂ this ＂touches on foreign affairs the characteristic＂ the school idea, elaborated building ＂the bilingual education＂ the environment and speeds up in the education internationalization process the measure research and the implementation, managed by the people touches on foreign affairs the higher vocational education by this promotion to speed up moves towards the internationalization the step.

Understanding the Importance of Intercultural and International Education in the Context of Internationalization:Challenges for Internationalization of Higher Education in China

This essay will attempt to explore the position of Chinese higher education in the face of various challenges in the context of internationalization,and how Chinese governments,universities as well as educators should take effective measures to tackle these issues despite the fact that there are great accomplishments achieved by them in promoting internationalization in China.

WJG sets an example of internationalization for other Chinese academic journals

Supported by the "Special Fund for Key Academic Journals" of the National Natural Science Foundation of China, World Journal of Gastroenterology (WJG ) has become a high-impact international clinical medical journal due to the great efforts of Professor LianSheng Ma, Editor-in-Chief, and his team over several years. Now, WJG has successfully achieved a high degree of internationalization and sets a good example for other Chinese academic journals.

Speeding up the Internationalization of Raw Silk Standard

China is the main silk producer in the world, whose RSS (Raw Silk Standard)is widely approved in international trade. After entering WTO, China needs to revise the RSSaccording to the changes of silk industry and develop advanced electronic testing system and improvetesting means, so as to promote the internationlization of the RSS. 1. The international standingof Chinese silk The silk consisting of 18 amino acids has the similar protein structure to people'sskin. It is enjoyed by most people for it' s comfortable, magnificent and noble features and ispraised to be the second skin for its unique effects on health and adjusting the body water. In the21st century, silk is the main international fashion as the representative of green products.

Progress and Prospects of RMB Internationalization in Latin America

Promoting the internationalization of the RMB in Latin America is not only a requirement of the China-Latin American relationship and of China’s reform and opening-up policy in the financial sectors, but is also a strategic choice. With the support of internal, external and bilateral factors,China and Latin American countries have seen a lot progress in RMB trade settlement, investment, financing, and so on, yet Latin American countries’ willingness to use the RMB is still low, there is an obvious shortage of exchange mechanisms, and currency cooperation between them may face more obstacles as China-US competition intensifies. Under these circumstances, in order to further promote the internationalization of the RMB in Latin America, China should seize the opportunity of Latin America’s participation in the Belt and Road Initiative and their demand for currency diversification, as well as the friction between the US-Latin American relationship, start reducing the shortage of institutional exchange mechanisms, and plan for the RMB internationalization process in Latin America at a strategic level.

High-Quality Development Crucial for Renminbi Internationalization

High-quality development has become a clear orientation for China’s economicgrowth.Itwilldetermine the future of the internationalization of the Chinese currency, while high-level financial opening up is conducive to high-quality economic development.

New Ideas for RMB Internationalization under the Belt and Road Initiative

President Xi Jinping put forward that, "China will further push the open economy to a higher level by enlarging its scale, expanding its area, and deepening its degree." This proposal provides new perspectives for RMB internationalization. The new path of RMB internationalization shall be achieved under the Belt and Road Initiative and be a new option that is di erent from the "Three-Stage Theory" and regional monetary cooperation. RMB internationalization can only be realized through a government-driven mode with Chinese characteristics which shows the fundamental di erence from the internationalization of other currencies such as the US Dollar, Euro and Japanese Yen. The Chinese government can realize the strategic objective of RMB internationalization through improving national governance, applying policies and tools for macroeconomic regulation, and implementing the Belt and Road Initiative, as well as the operation of its nancial industry, the Silk Road Fund(SRF), and that of regional banks like the Asian Infrastructure Investment Bank(AIIB) and the BRICS New Development Bank(NDB). RMB internationalization is an important objective of China's political and economic development. Efforts must be made to steadily promote market-oriented reform of the RMB exchange rate and its forming mechanism, and reform of capital account convertibility so that RMB can become the leading global reserve currency. Meanwhile, China will also undertake more responsibilities as a major power for stable development of the international economy and nance.

Strategic Analysis to Develop an Internationalization Plan for a Small Construction Company in Guanajuato,Mexico

Nowadays internationalization is no longer a luxury for companies and becomes a necessity in order to survive in the market and ensure its durability over time.This justifies the structure of a internationalization plan(IP)for a small company(SEC),in order to modify its value curve against the competition and guarantee a sustained growth development in new markets.This paper presents a strategic analysis of a small construction company dedicated to the elaboration of finishes for walls,floors,and concrete architecture.A situational analysis was carried out to see what would be the most appropriate international strategy for the company.Tools,such as:(a)SWOT(strengths,weaknesses,opportunities,threats)Analysis,(b)PEST(political,economic,social,and technological)Analysis,(c)Internal Factors Evaluation Matrix(IFE),and(d)External Factors Evaluation Matrix(EFE Assessment Matrix),were used to identify the current standing of the SEC.The canvas model and the competitive profile matrix were used to make the connection with the strategic position of the SEC against the desire of internationalization.Likewise,an analysis of the external factors was carried out showing a significant growth of 4.6%in the specialized sub-sector,as well as a tense business landscape driven by the political situation between Mexico and the United States.