ABSTRACT
In this chapter we shall discuss the second task in the second stage of economic development in China, as mentioned in Chapter 8, which is RMB internationalization. This topic is also related to the RMB exchange rate. The discussion in Chapter 6 and 7 seems to suggest that the current exchange regime adopted by China has the following properties:
1 It is designed for accumulating foreign exchanges (usually those of international currency) by following some standard.
