(Pix © Larry Catá Backer 2016))
It was my great pleasure to participate in the recently concluded "Symposium On the Internationalization of the RMB: Risks and Challenges Ahead," presented by the Queen Mary University of London Centre for Commercial Law Studies in collaboration with the East China University of Political Science and Law, in association with the Institute for Global Law, Economics and Finance and organized by Professor Rodrigo Olivares-Caminal (Conference Note and program HERE).
This post includes the PowerPoints of my presentation: One Belt One Road and RMB Internationalization—A Strategic Alliance.
(Pix © Larry Catá Backer; taken June 2017 London Heathrow Airport Terminal 2)
Structure of Discussion: (1) Situating RMB internationalization
within broader issues of Chinese
policy; (2) The OBOR initiative and related
development efforts; (3) Putting the pieces together—
(a) Tie it back to issues of reality (trade
and investment use) and perception
(consensus of others states); And (b) Reasons for OBOR and RMB
internationalization linkage--stability, development, and control.
Focus: Consideration of the peripheral structures of Chinese trade
and investment policy and its potential effects on RMB
internationalization.
Thesis: RMB internationalization is one small part of a larger more
ambitious project:
(1) External: An integral part of Chinese trade and development policies; an
interlocking set of objectives to solidify the all around central position of
China.
(2) Internal: Core of socialist modernization and development of
productive forces within China; situating China at center of global
commerce essential for next stage of economic and political
development.
The PowerPoints may also be accessed HERE.
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