ZHANG Zhimin

(№.3,2014)

Abstract: At present, the internationalization of the RMB is boosting orderly, but also faced with enormous challenges. To realize Regionalization firstly and internationalization secondly, is the realistic choice for RMB internationalization. “Using trade to promote monetary cooperation” can be used as the path selection to promote RMB internationalization path. Sino-Russia trade deep development laid the foundation for monetary cooperation between the two countries, and created favorable conditions. We should expand the trade volume between the two countries. We can use trade to promote investment, and use investment to promote trade, to form effective "currency network externalities", promote bilateral currency settlement in cross-border trade, and promote the internationalization of the RMB.

Keywords: Sino-Russia trade; currency cooperation; limiting factor; path selection