Before his multi-stop visit to Mexico,Argentina,Peru,Colombia and Jamaica in Latin America and the Caribbean(LAC)early February 2018,then U.S.Secretary of State Rex Tillerson released many signals for Latin America.Es...Before his multi-stop visit to Mexico,Argentina,Peru,Colombia and Jamaica in Latin America and the Caribbean(LAC)early February 2018,then U.S.Secretary of State Rex Tillerson released many signals for Latin America.Especially in his remarks at the University of Texas at Austin,he portrayed the presence of China and Russia in LAC as a"new展开更多
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 st...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.展开更多
文摘Before his multi-stop visit to Mexico,Argentina,Peru,Colombia and Jamaica in Latin America and the Caribbean(LAC)early February 2018,then U.S.Secretary of State Rex Tillerson released many signals for Latin America.Especially in his remarks at the University of Texas at Austin,he portrayed the presence of China and Russia in LAC as a"new
文摘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.